Item 8.01 Other Events.
The Board of Directors of United Parcel Service, Inc. ("UPS") approved an
increase in its share repurchase program, authorizing UPS to purchase up to
$2.0 billion of UPS common stock. This replaces the approximately $50 million
that remained available under the February 2007 share repurchase authorization
of $2.0 billion. Effective immediately, purchases under the program may be made
from time to time in open market or privately negotiated transactions. The
repurchase program has no time limit and may be suspended for periods or
discontinued at any time.
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