United Parcel Service Inc, the world's largest parcel delivery company, named David Abney chief executive to replace Scott Davis who will retire to become non-executive chairman.Abney, currently chief operating officer, has been running the company's global transportation network and has led its investment in alternative fuel fleets, UPS said on Friday.UPS, known for its brown delivery trucks, has invested heavily in propane-fueled vehicles.Davis, who has been CEO and chairman since 2008, will retire after about 28 years with UPS. Both moves are effective Sept. 1.
United Parcel Service, Inc. (UPS) is a package delivery company. Shares of UPS fell by 0.02% or $-0.017/share to $103.60. In the past year, the shares have traded as low as $84.38 and as high as $105.37. On average, 2797710 shares of UPS exchange hands on a given day and today's volume is recorded at 629691.
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