Ryder Appoints Gregory Knott Vice President, Information Technology Supply Chain Solutions

MIAMI, October 25, 2010 – Ryder System, Inc. (NYSE: R), a leader in transportation and supply chain management solutions, today announced the appointment of Gregory Knott to Vice President of Information Technology (IT) for its Supply Chain Solutions (SCS) business segment. In this new role, Mr. Knott will lead an IT team responsible for the development, implementation and maintenance of the strategic IT plan for SCS, including consolidation of business and IT plans, industry and technology trends, assessments of enterprise risk, and business process and enterprise requirements that support SCS and customer operations. He will report to Ryder Senior Vice President and Chief Information Officer, Keyvan Bohlooli.

“Ryder prides itself on its ability to integrate multiple technologies to improve the effectiveness of internal processes and customer solutions,” said Mr. Bohlooli. “Greg brings a wide range of business and customer system implementation experience to his new role. We look forward to his leadership in optimizing Ryder’s technology investments that will increase our competitiveness and enhance the value to our customers.”

Mr. Knott joins Ryder following a more than 35-year career in IT, including a 12-year career with General Motors. Most recently, he served as Chief Information Officer for Hummer, LLC in Detroit, where he planned and executed a complete portfolio of automotive OEM applications after the company was divested from GM. Before Hummer, Mr. Knott held positions of increasing responsibility at GM where he most recently served as Process Information Officer for Worldwide Service & Parts and was responsible for process improvement and all global aftermarket IT. Previously in his career, he also served as Chief Information Officer for the Parts Division of Deere & Company.

Mr. Knott holds a Master of Business Administration in Operations Management from the University of Iowa and a Bachelor of Science degree in Computer Science from Iowa State University. He will be based out of Ryder’s Novi, Michigan office.

About Ryder

Ryder is a FORTUNE 500® commercial transportation, logistics and supply chain management solutions company. Ryder’s stock (NYSE:R) is a component of the Dow Jones Transportation Average and the Standard & Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder as the top third party logistics provider, and Security magazine has named Ryder the number-one company for security practices in the transportation, logistics, supply chain, and warehousing sector. Ryder is a proud member of the American Red Cross Annual Disaster Giving Program, supporting national and local disaster preparedness and response efforts. For more information on Ryder System, Inc., visit http://www.ryder.com.

Note Regarding Forward-Looking Statements: Certain statements and information included in this presentation are "forward-looking statements" under the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current plans and are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements. New risks emerge from time to time and it is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Cleveland Port Announcement

CLEVELAND PORT, VESSEL OWNER ADVANCE EFFORT TO START INTERNATIONAL CONTAINER SERVICE

Canadian vessel, the Dutch Runner, to visit Cleveland Port; Service would make Cleveland a more vital maritime destination and support regional jobs, shipping industry

October 22, 2010 -- Cleveland is moving closer to becoming the U.S. home base and first and only city on the Great Lakes that would have a regular scheduled service shuttling containers to and from Canada. Port of Cleveland officials and the owners of the two feeder vessels are in active dialogue to launch the Cleveland-Montreal service in the spring of 2011 and will be available at 3 p.m. today to discuss the service.

Stan Shumway, Managing Partner of Great Lakes Feeder Lines, will accompany the Dutch Runner as it travels to Cleveland today to meet with port officials about the service, which is expected to have financial and environmental advantages for the greater Cleveland region.

Will Friedman, CEO of the Cleveland-Cuyahoga County Port Authority, says the service would be significant as the region attempts to attract additional cargo and take advantage of its lakefront maritime facilities.

“This is an exciting economic opportunity for the port, the region and the state,” he said. “Simply put, Cleveland would be the first city on the Great Lakes that will have a pin on the global map when it comes to container service.”

Friedman stressed that the Port does not require capital investments or enlarged facilities to begin moving containerized freight and other non-containerized cargoes. “We have the space, equipment, a capable terminal operator and a productive waterfront workforce in place. We can move containers today.”

Shumway agrees: “Cleveland has always been attractive to us as the largest market on Lake Erie and a center for manufacturing. We are pleased that the new Port administration is receptive and look forward to proving our business model,” he said.

Great Lakes Feeder Service has two versatile vessels that have capacity for container and break-bulk cargo. The service would allow ocean carriers to hand-off trans-Atlantic containers into the Great Lakes, providing a more cost-effective and environmentally-friendly alternative to truck and rail transport. For more information, please visit: http://www.portofcleveland.com/

CEVA Logistics Announcement

Anthony Harris Named Senior Vice President of Account Management for CEVA in the Americas

Houston, Texas, 22 October 2010 – CEVA Logistics, one of the world’s leading supply chain companies, has announced the appointment of Anthony Harris as Senior Vice President of Account Management for the Americas, reporting to Matt Ryan, President of the Americas region. Harris is a seasoned executive with than 20 years of experience in international business who is a specialist in Account Management in a service environment.

Harris joins CEVA from Flextronics where for the past 12 years he held positions of increasing responsibility including Vice President of Global Accounts, and led teams to build and manage complex global supply chains for a portfolio of end customers. Flextronics is a leading Electronics Manufacturing Services (EMS) provider.

“Anthony’s appointment will enable us to enhance our strong focus on customer service and customer relationships,” Ryan said. “His deep experience with global supply chains and account management brings extraordinary value to our team.”

A native of Wales, Harris received his Bachelor of Science degree in Electrical and Electronic Engineering (EEE), with honors, from U.C. Wales.

CEVA Logistics provides world class supply chain solutions for large and medium-size national and multinational companies across the globe. As an industry leader, CEVA offers customers complete supply chain design and implementation in contract logistics and freight management, alone or in combination. CEVA’s integrated global network has facilities in over 170 countries and more than 46,000 employees; all dedicated to delivering consistently excellent operations and supply chain solutions. For the year ending 31 December 2009, the Group reported revenues of €5.5 billion. For more information, please visit http://www.cevalogistics.com

Horizon Lines Financial Announcement

HORIZON LINES REPORTS THIRD-QUARTER FINANCIAL RESULTS

- Revenue Improves; Adjusted EBITDA and Net Income Down Slightly

- Volume Declines on Economic Recovery Slowdown; Rate, Net of Fuel, Up Marginally

- Adjusted Free Cash Flow Remains Solid; Debt Paydown Ahead of Plan

CHARLOTTE, NC, October 22, 2010 – Horizon Lines, Inc. (NYSE: HRZ) today reported financial results for its fiscal third quarter ended September 19, 2010.

On a GAAP basis, third-quarter net income was $7.7 million, or $0.25 per diluted share, compared with $8.4 million, or $0.27 per diluted share, for the third quarter of 2009. On an adjusted basis, third-quarter net income totaled $11.0 million, or $0.35 per diluted share, excluding charges of $3.3 million after tax, or $0.10 per diluted share, for antitrust-related legal expenses, an equipment impairment charge and union severance. This compares with 2009 adjusted net income of $11.4 million, or $0.37 per diluted share, after excluding antitrust-related legal expenses and a vessel impairment charge totaling $3.0 million after tax, or $0.10 per diluted share. Third-quarter revenue increased to $311.0 million from $308.0 million a year ago.

Container volume for the 2010 third quarter totaled 65,726 loads, a 2.8% decline from 67,649 loads for the same period a year ago. Puerto Rico and Hawaii/Guam experienced the largest year-over-year declines. Alaska volume was down just marginally. Container volume for the 2010 nine-month period totaled 190,610 loads, down 1.4% from 193,305 loads a year ago.

Container rates, net of fuel, for the 2010 third quarter, rose slightly to $3,247 from $3,229 for the third quarter a year ago. Container rates, net of fuel, for the 2010 nine-month period were $3,258, marginally below the rate of $3,266 a year ago.

“A summer slowdown in the pace of economic recovery pressured volumes across all of our markets, resulting in a third-quarter financial performance that was short of our expectations,” said Chuck Raymond, Chairman, President and Chief Executive Officer. “We had anticipated a firmer overall economic recovery in the third quarter. However, after some initial inventory rebuilding this past spring, economic activity slowed in our tradelanes as consumer spending remained muted in the face of continuing high unemployment. The quarter also was impacted by high fuel prices and lower revenue from transportation services agreements. In addition, vessel operating expenses increased from a year ago due to the timing of regulatory dry-dockings.

“In the face of this challenging operating environment, our financial results demonstrate modest revenue growth and diligent cost management,” Mr. Raymond said. “We continued to generate solid adjusted free cash flow, debt paydown remained ahead of plan, and we finished the quarter with improved liquidity. As was the case in the second quarter, our third-quarter was characterized by improved EBITDA contributions from our Alaska market, terminal services to third parties and logistics businesses, combined with ongoing overhead cost savings.

“Volume declines were greatest in Puerto Rico, which remains in recession, and in Hawaii/Guam, which continues to experience a very slow and uneven economic recovery,” Mr. Raymond continued. “The volume declines in Puerto Rico were exacerbated by ongoing competitive pricing pressures, due in part to capacity that was added by a competitor to the depressed market in the spring. We are responding appropriately and will continue to do so in the months ahead. Alaska, while down very slightly in volume, contributed to EBITDA growth amid an improving business environment.”

Third-Quarter 2010 Financial Highlights

Operating Revenue – Third-quarter operating revenue increased 1.0% to $311.0 million from $308.0 million a year ago. The largest factor in the $3.0 million revenue gain was a $6.9 million gain in logistics revenue, followed by a $4.9 million rise in fuel surcharges to help partially mitigate higher fuel costs. Terminal services contributed $2.3 million of the revenue increase, while rate/mix improvement added $1.7 million. These gains were partially offset by a $6.2 million revenue decline resulting from lower container volume, and a $6.6 million decrease related to the expiration of a vessel management contract with the federal government.

Operating Income – GAAP operating income for the third quarter decreased to $18.1 million from $19.0 million a year ago. The 2010 GAAP operating income includes expenses of $3.4 million, consisting of $1.5 million in antitrust-related legal expenses, $1.8 million for an equipment impairment charge, and $0.1 million for a union severance charge. The 2009 GAAP operating income includes $2.0 million of antitrust-related legal expenses and $1.2 million for a vessel impairment charge. Excluding these items, the third-quarter 2010 adjusted operating income totaled $21.5 million, compared with $22.1 million for the prior year’s third quarter. The decline in 2010 third-quarter adjusted operating income from the prior year was primarily due to reduced volume, lower fuel recovery, decreased space charter income, and higher vessel operating expense as a result of an increase in dry-dockings. These negative factors were partially offset by a decrease in overhead expenses and terminal services savings.

EBITDA – EBITDA totaled $33.4 million for the 2010 third quarter, compared with $33.8 million for the same period a year ago. Adjusted EBITDA for the third quarter of 2010 was $36.8 million, compared with $36.9 million for 2009. EBITDA and adjusted EBITDA for the 2010 and 2009 third quarters were impacted by the same factors affecting operating income.

Shares Outstanding – The company had a weighted daily average of 31.2 million diluted shares outstanding for the third quarter of 2010, compared with 30.9 million outstanding for the third quarter of 2009.

Nine-Month Results – For the nine months ended September 19, 2010, operating revenue increased 5.1% to $902.7 million from $858.8 million for the same period in 2009. EBITDA totaled $72.9 million compared with $51.2 million a year ago. Adjusted EBITDA for the 2010 nine-month period totaled $78.6 million, after excluding $3.5 million in antitrust-related legal expenses, a $1.8 million equipment impairment charge, and $0.5 million for union severance. Adjusted EBITDA for the 2009 nine-month period totaled $84.6 million, after excluding $20.0 million for the Puerto Rico class-action settlement, $10.4 million in antitrust-related legal expenses, and $3.0 million for impairment, restructuring and other charges. The 2010 nine-month net loss totaled $1.8 million, or $0.06 per share, compared with a net loss of $32.6 million, or $1.07 per share for the same period a year earlier. Adjusted net income for the 2010 nine-month period totaled $3.7 million, or $0.12 per diluted share, compared with $10.8 million, or $0.35 per diluted share, a year ago.

Liquidity, Credit Facility Compliance & Debt Structure – As of September 19, 2010, the company had total liquidity of $85.8 million, consisting of $4.4 million in cash and $81.4 million of effective revolver availability. The company’s trailing 12-month interest coverage and senior secured leverage ratios were 3.81 times and 1.98 times, respectively, in compliance with the credit agreement requirement of above 3.5 times and below 2.75 times, respectively. Funded debt outstanding totaled $540.7 million, a reduction of $22.4 million from the second quarter and $39.8 million from the year-ago third quarter. The funded debt outstanding at September 19, 2010, consisted of $210.7 million in senior secured debt and $330.0 million in convertible notes, at a weighted average interest rate of 4.48%. The company’s senior secured debt matures in August 2012, but the maturity will accelerate to February 2012 if the convertible notes are not refinanced or if arrangements are not being made for their refinancing by that date.

Please see attached schedules for the reconciliation of third-quarter 2010 and 2009 reported GAAP results and Non-GAAP adjusted results.

Outlook

“In light of the third-quarter slowdown, we are more guarded about our outlook for the remainder of 2010,” Mr. Raymond said. “While volume trends have firmed modestly so far in October, we expect pricing pressures to continue in Puerto Rico and fuel costs to increase across all of our tradelanes through year end. As we move forward, volume improvement remains dependent on the strength of the economic recovery in our markets and its impact on consumer sentiment.

“We currently expect full-year adjusted EBITDA results to be below those of 2009, but above the levels required by our debt covenants,” Mr. Raymond continued. “We also are actively engaged in planning to refinance our debt, and currently expect the refinancing to be completed in the first or second quarter of 2011, depending on market conditions and other factors.

“We remain optimistic about prospects for our new trans-Pacific Five Star Express liner service between China and the U.S. West Coast, which launches on December 13th,” Mr. Raymond noted. “We also are starting to see improved volume in Guam, where major infrastructure construction projects are finally underway in preparation for the eventual transfer of U.S. military forces from Okinawa to Guam. This bodes well for 2011 and beyond.”

Webcast & Conference Call Information

Company executives will provide additional perspective on the company’s financial results during a conference call beginning at 11:00 a.m. Eastern Time today. Those interested in participating in the call may do so by dialing 1-866-394-6819, and providing the operator with conference number 12953467. A copy of the presentation materials may be obtained from the Horizon Lines website, http://www.horizonlines.com, shortly before the start of the call. Alternatively, a live audio webcast of the call may be accessed at http://www.horizonlines.com. In order to access the live audio webcast, please allow at least 15 minutes before the start of the call to visit Horizon Lines' website and download and install any necessary audio/video software for the webcast.

Use of Non-GAAP Measures

Horizon Lines reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). The company also believes that the presentation of certain non-GAAP measures, i.e., EBITDA, free cash flow and results excluding certain costs and expenses, provides useful information for the understanding of its ongoing operations and enables investors to focus on period-over-period operating performance without the impact of significant special items. The company further feels these non-GAAP measures enhance the user’s overall understanding of the company’s current financial performance relative to past performance and provide a better baseline for modeling future earnings expectations. Non-GAAP measures are reconciled in the financial tables accompanying this news release. The company cautions that non-GAAP measures should be considered in addition to, but not as a substitute for, the company’s reported GAAP results.

About Horizon Lines

Horizon Lines, Inc., is the nation's leading domestic ocean shipping and integrated logistics company. The company owns or leases a fleet of 20 U.S.-flag containerships and operates five port terminals linking the continental United States with Alaska, Hawaii, Guam, Micronesia and Puerto Rico. The company also manages a domestic and overseas service partner network and provides integrated, reliable and cost competitive logistics solutions. Horizon Lines, Inc., is based in Charlotte, NC, and trades on the New York Stock Exchange under the ticker symbol HRZ. For more information, please visit: http://www.horizonlines.com

Forward Looking Statements

The information contained in this press release should be read in conjunction with our filings made with the Securities and Exchange Commission. This press release contains “forward-looking statements” within the meaning of the federal securities laws. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that do not relate solely to historical fact. They include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events. Words such as, but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “target,” “projects,” “likely,” “will,” “would,” “could,” and similar expressions or phrases identify forward-looking statements.

All forward-looking statements involve risk and uncertainties. In light of these risks and uncertainties, expected results or other anticipated events or circumstances discussed in this press release might not occur. We undertake no obligation, and specifically decline any obligation, to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. See the section entitled “Risk Factors” in our Form 10-K filed with the SEC on February 4, 2010, and in subsequent 10-Q filings, for a more complete discussion of these risks and uncertainties and for other risks and uncertainties. Those factors and the other risk factors described therein are not necessarily all of the important factors that could cause actual results or developments to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could harm our results. Consequently, there can be no assurance that actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences.

UPS Announcement

UPS 3Q Earnings Climb 69 Percent on Revenue Growth of 9 Percent

Atlanta, October 21, 2010

Strong Growth Across all Segments; UPS Raises Annual Guidance

UPS (NYSE:UPS) today announced adjusted diluted earnings per share of $0.93 for the third quarter of 2010, a 69% improvement over the prior-year period. Global revenue grew 9.3%, generating $1.5 billion in adjusted operating profit, a 62% increase.

On a reported basis, diluted earnings per share were $0.99, an 80% increase over the $0.55 in the same period last year. During the quarter, UPS recorded an after-tax benefit of $61 million on the sale of real estate.

"UPS once again exceeded expectations due to superior execution across all business units and our ability to provide solutions that create value for our customers," said Scott Davis, UPS chairman and CEO. "We continue to deliver significant earnings growth and margin expansion in the current economic environment. This is a true testament to what can be accomplished when you have excellent people, superior service and an unmatched global portfolio."

Based on the company's performance, UPS has increased its guidance for 2010 adjusted diluted earnings to a range of $3.48 to $3.54 per share, a 51%-to-53% increase over last year.

		Adjusted
Consolidated Results	3Q 2010	3Q 2010	3Q 2009
Revenue	$12.19 B		$11.15 B
Operating profit	$1.62 B	$1.51 B	$929 M
Operating margin	13.3 %	12.4 %	8.3 %
Average volume per day	15.0 M		14.3 M
Diluted earnings per share	$0.99	$0.93	$0.55

For the three months ended Sept. 30, 2010, revenue increased 9.3% on average daily volume growth of 5%. UPS delivered 958 million packages in the quarter.

Adjusted operating margin expanded 410 basis points to 12.4%. On a reported basis, operating margin was 13.3%.

During the quarter, UPS unveiled a new communications platform with the theme "We Love Logistics." This campaign is UPS's first coordinated global advertising effort and is designed to demonstrate the power of logistics to businesses around the world.

Cash Position

For the nine months ending Sept. 30, UPS generated $3.5 billion in free cash flow. The company also:

Paid dividends totaling $1.36 billion.

Invested $1 billion in capital expenditures.

Repurchased 9.3 million shares at a cost of $589 million.

		Adjusted
U.S. Domestic Package	3Q 2010	3Q 2010	3Q 2009
Revenue	$7.29 B		$6.87 B
Operating profit	$1.02 B	911 M	$514 M
Operating margin	14.0 %	12.5 %	7.5 %
Average volume per day	12.73 M		12.29 M

Adjusted operating profit increased 77% to $911 million on revenue growth of 6%. The margin expansion of 500 basis points was driven by volume growth, improved yields and the benefits of more streamlined operations. Reported operating profit was $1.02 billion, a 98% increase.

Average daily package volume expanded 3.6% during the quarter due to growth in Ground and Next Day Air. Revenue per piece improved 4%, primarily through increases in base pricing and higher fuel surcharges.

During the quarter, UPS introduced Returns Flexible Access, expanding the options for consumers to return goods to retailers. The combination of UPS and postal access channels creates the most extensive returns network available to consumers today.

International Package	3Q 2010	3Q 2009
Revenue	$2.68 B	$2.42 B
Operating profit	$419 M	$313 M
Operating margin	15.7 %	12.9 %
Average volume per day	2.24 M	1.97 M

The operating profit for the segment increased 34% to $419 million on an 11% increase in revenue. Operating margin improved 280 basis points to 15.7%. Export average daily volume increased 13%, outpacing the market, due to growth in all regions with Asia leading the way, up more than 30%.

Non-U.S. domestic volume increased 14% with strength across Europe, Canada and Mexico.

As part of an on-going strategy to grow its business in emerging markets, UPS entered into an expanded alliance with its local domestic courier in Indonesia. This agreement extends the footprint for pick-up and delivery of international express packages throughout the country.

Supply Chain and Freight	3Q 2010	3Q 2009
Revenue	$2.23 B	$1.86 B
Operating profit	$177 M	$102 M
Operating margin	8.0 %	5.5 %

Revenue grew 19% with the Forwarding business unit leading the way. Operating profit jumped 74% to $177 million, powered by Forwarding and Logistics.

The operating margin for the segment increased 250 basis points to 8.0%. This margin expansion was primarily driven by improved revenue management, increased tonnage and improved operational efficiencies in Forwarding and Logistics.

UPS Freight revenue grew 14% due to improved yield and increases in gross weight hauled.

During the quarter, UPS launched Preferred LCL Ocean Freight, a new service that provides up to 20% faster door-to-door delivery than other less-than-container-load (LCL) services on the market.

Outlook

"UPS generated superior performance across all segments," said Kurt Kuehn, UPS's chief financial officer. "This is a direct result of the successful execution of our long-range strategy.

"I am confident in UPS's ability to generate strong cash flow and continued earnings growth while investing in growth opportunities around the world," Kuehn added. "Based on the projections of retailers and economists, we expect modest growth during the holiday peak season. We are raising our full-year 2010 guidance with adjusted earnings per share expected to grow more than 50% over last year. "

NOTE:

UPS Chairman and CEO Scott Davis and CFO Kurt Kuehn will discuss third quarter results with investors and analysts during a conference call at 8:30 a.m. EDT today. That call is open to listeners through a live Webcast. To access the call, go to www.investors.ups.com and click on "Earnings Webcast."

UPS routinely posts investor announcements on its web site - www.investors.ups.com - and encourages those interested in the company to check there frequently.

We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP financial measures, including, as applicable, "as adjusted" operating profit, operating margin, pre-tax income, net income and earnings per share. The equivalent measures determined in accordance with GAAP are also referred to as "reported" or "unadjusted". We believe that these adjusted measures provide meaningful information to assist investors and analysts in understanding our financial results and assessing our prospects for future performance. We believe these adjusted financial measures are important indicators of our recurring operations because they exclude items that may not be indicative of or are unrelated to our core operating results, and provide a better baseline for analyzing trends in our underlying businesses. Furthermore, we use these adjusted financial measures to determine awards for our management personnel under our incentive compensation plans.

In the first quarter of 2010, we recorded a $98 million pre-tax restructuring charge in our U.S. Domestic Package operations related to the reorganization of our domestic management structure. We also incurred a $38 million pre-tax loss on the sale of a specialized transportation business in Germany in our Supply Chain & Freight segment. Additionally, we recorded a $76 million charge to income tax expense, resulting from a change in the filing status of a German subsidiary. In the third quarter of 2010, we recorded a $109 million pre-tax gain on the sale of real estate. In the first quarter of 2009, we recorded a $181 million pre-tax impairment charge related to our cDonnell-Douglas DC-8-71 and DC-8-73 aircraft fleets. In the second quarter of 2009, we recorded a $77 million pre-tax charge for the remeasurement of certain obligations denominated in foreign currencies, in which hedge accounting was not able to be applied. We presented third quarter and year-to-date 2010 and 2009 operating profit, operating margin, pre-tax income, net income and earnings per share excluding the impact of these items as we believe these adjusted measures better enable shareowners to focus on period-over-period operating performance. The underlying matters that produced these charges and gain were unique, and we do not believe they are reflective of the types of items that will affect future results.

Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. These adjusted financial measures should not be considered in isolation or as a substitute for GAAP operating profit, operating margin, net income and earnings per share, the most directly comparable GAAP financial measures. These non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when viewed with our GAAP results and the reconciliations to corresponding GAAP financial measures, provide a more complete understanding of our business. We strongly encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.

Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission.

About UPS

UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at http://www.UPS.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.

OHL Announcement

OHL Continues to Invest in Ocean Freight Services

Brentwood, Tenn. (October 20, 2010) — Global supply chain management company, OHL, recently hired Lars Huebecker as Vice President, Ocean Freight, Americas within the company’s Global Freight Management and Logistics business unit.

In this new role, Huebecker is responsible for development and procurement of all ocean freight services for OHL’s customers in the Americas. Additionally, he is responsible for operations excellence and regulatory compliance for ocean freight services including FCL, LCL and multi-modal.

Huebecker brings a great level of ocean freight experience. Prior to joining OHL, Huebecker was senior director, ocean product and procurement for Damco, USA. He has also worked for Kuehne + Nagel and MSAS/Exel Global Logistics in business development roles, and at KOG Transport as a project manager.

“I welcome Lars to OHL and believe he will be a great addition for our customers,” commented Patrick Moebel, President, Americas for OHL’s Global Freight Management and Logistics business unit. “His experience in the industry will help us continue to innovatively evolve our service offerings. OHL’s ocean freight business has grown significantly in the past few years and Lars and his team will help us sustain that growth while keeping service excellence for our customers the top priority.”

About OHL

Based in Tennessee, OHL is one of the largest 3PLs in the world, providing integrated global supply chain management solutions including transportation, warehousing, customs brokerage, freight forwarding, and import and export consulting services. With three business units — Global Freight Management and Logistics, Contract Logistics, and North America Transportation — OHL operates more than 130 value-added distribution centers, offers comprehensive transportation management services, employs nearly 6,000, and has offices worldwide. OHL has expertise in direct to consumer fulfillment, serves a wide range of business sectors from specialty retail to manufacturing, and specializes in the apparel, electronics, printing, food and beverage, and consumer packaged goods industries.

For more information about OHL, visit: http://www.ohl.com.

DHL Hits the Runway at LG Fashion Week in Toronto

DHL’s “tailor-made” solutions support the Canadian fashion industry for the third consecutive year

TORONTO, Canada – October 18, 2010 – DHL, the world's leading logistics company, returns for its third season as sponsor of Toronto’s LG Fashion Week Beauty by L’Oréal Paris running from October 18-23. With new enhanced capabilities, DHL provides perfect-fit solutions, logistical expertise, excellent service and convenient delivery to meet the needs of Canada’s fashion industry.

“DHL’s wide range of transportation and logistics solutions span from working with small boutique fashion houses to large apparel manufacturers, providing the best airfreight, ocean freight and customs brokerage services,” said Hugh McMaster, Vice President – Sales and Marketing, Canada for DHL Global Forwarding. “We look forward to a third season with Toronto’s LG Fashion Week.”

DHL is the logistics leader in the world’s leading fashion marketplaces, providing solutions to globally expanding fashion and apparel brands to help them effectively navigate the challenges across their global supply chains. DHL’s value-added services, including garment processing and preparation, reverse logistics and replenishment, demonstrate the company’s commitment to innovative solutions.

Fashion – a $250 billion global industry – today relies on speed and flexibility. To satisfy customer demands, DHL’s Supply Chain manages international inbound supply chains, complex distribution centre operations and local store delivery. The company conducts continuous improvement workshops with customers to not only ensure that current business needs are met, but also to identify opportunities for future process improvement.

“We understand time sensitivity in the fashion industry and are able to offer our customers peace of mind with our full suite of Time-Definite products,” said Andrew Williams, Vice President – Commercial, DHL Express Canada Ltd. “Our Time-Definite International and Time-Definite Domestic services – with guaranteed delivery times -- ensures that materials designers need to meet a deadline are delivered on time, from Toronto to Montreal or Paris to Berlin.”

DHL’s “Fashion Centers of Excellence,” centered in Asia Pacific, are comprised of a core team of industry experts who are strategically located to facilitate trade within the region as well as to and from Europe and North America. DHL’s superior understanding of business practices in developing markets like Bangladesh, Pakistan, Sri Lanka and Vietnam reinforces the company’s ability to meet customers’ needs in a highly competitive market. The network links Canadian shippers with key Asian Markets with DHL’s Incheon Gateway, DHL's Central Asia Hub in Hong Kong and through DHL’s North Asia Hub at the Shanghai Pudong International Airport.

LG Fashion Week Beauty by L’Oreal Paris is the premiere fashion event in Canada bringing together media, industry, buyers and consumers to view the Spring 2011 collections in Toronto. In its 12th year, Toronto Fashion Week, created by the Fashion Design Council of Canada, is an international event that profiles the fashion industry and its designers. LG Fashion Week Beauty by L’Oreal Paris has grown to be the second largest Fashion Week in North America and continues to drive the Canadian fashion economy and industry profile.

This year marks the third season DHL has sponsored LG Fashion Week Beauty by L’Oreal Paris. DHL also continues as the Logistics Partner to IMG Fashion for 12 Fashion Weeks worldwide, including Milan, London, New York, Mexico City, Moscow, Mumbai, Istanbul, Miami and Sydney.