Mackenzie of UPS Freight to Retire; Jack Holmes Named President

Richmond, August 01, 2007

Jack Holmes, a 28-year UPS veteran who has headed the operations of UPS Freight for the past year, has been promoted to president of the trucking unit to replace the retiring Gordon Mackenzie.

Holmes, 47, headed the UPS (NYSE:UPS) transition team after the company acquired the former Overnite Transportation Co. in 2005. For the past year, he has served as the senior vice president of operations at UPS Freight.

Mackenzie is a veteran of more than 40 years in the transportation industry, including the last 12 at UPS Freight and Overnite. Mackenzie has served as president of UPS Freight since Aug. 1, 2006, and will step down Sept. 10.

"Gordon Mackenzie played a critical role in the development of Overnite Transportation and then stayed on board with us to ensure a smooth integration and to help set the stage for the growth we're seeing now," said Mike Eskew, UPS's chairman and CEO. "All of us at UPS appreciate his contributions and wish him the very best in retirement."

Before joining Overnite in 1996, Mackenzie served as senior vice president and chief operating officer of the Preston Trucking Company. He also held various executive positions with Standard Trucking Company; Ryder/PIE Nationwide, Inc., and Transcon Lines, Inc. Prior to assuming the post of president of UPS Freight, Mackenzie served as the unit's chief operating officer.

Holmes began his UPS career in 1979 in West Chester, Pa., as a part-time employee. He became a package car driver in 1982 and was promoted to management in Philadelphia in 1983. He served in various operations, engineering and safety assignments in Alabama, Georgia, Utah and in the Chicago area before being named head of the UPS Freight transition team.

According to the American Trucking Associations, UPS Freight now is the nation's fourth-largest less-than-truckload (LTL) company.