LYCOS RETRIEVER 
United Parcel Service: Company
built 655 days ago
United Parcel Service announced that Chairman and Chief Executive Officer (CEO) Mike Eskew will step down at the end of the year and will be replaced by Scott Davis, who is currently the Company's Vice Chairman and Chief Financial Officer (CFO). Replacing Davis as the Company's CFO will be Kurt Kuehn.
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The Boeing Company received orders for up to $2 billion worth of planes yesterday from Japan Air Lines and the United Parcel Service. Boeing said that Japan Air had ordered five 747 jets and one 767 for about $570 million. Delivery of the planes is scheduled to begin in September 1986 and continue through August 1987.
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UPS was founded in 1907 in Seattle, Washington, by 19-year-old Jim Casey as a six-bicycle messenger service called American Messenger Company. He set the future tone of the company by mandating that it be employee-owned. Casey delivered telegraph messages and hot lunches and sometimes took odd jobs to keep his struggling business going. In 1913 Casey merged his company with Evert McCabe's rival firm, Motorcycle Delivery Company, creating Merchants Parcel Delivery. The "fleet" at this point consisted of a few motorcycles and one Model T Ford. In 1915, by which time the fleet had expanded to four cars and five motorcycles, the company began painting its delivery vehicles brown.
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The Company offers worldwide customs clearance service for any mode of transportation. UPS classifies its service as export (packages that cross national borders) and domestic (packages that stay within a single country's boundaries). It has a portfolio of domestic services in 20 countries throughout the world.
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