UPS extends contract with Ford

Tue Jun 30, 2009 10:57 AM EDT
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ATLANTA — UPS Inc. said Tuesday it has extended its contract with Ford Motor Co. to continue providing logistics services for the delivery of new cars to dealers.

Financial terms were not disclosed. As part of the contract, UPS ships Ford's finished vehicles from assembly plants to dealerships in the United States, Canada and Mexico.

UPS said it has worked with Ford since 2000.

Shares of UPS fell 42 cents to $49.90 in late morning trading.

Ford's shares rose 17 cents, or 2.9 percent, to $5.95.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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