BRUSSELS/BUCHAREST, March 13, 2008 – UPS (NYSE:UPS) today announced it has agreed to acquire its authorized service contractor in Romania, Trans Courier Service (TCS) SRL and will take 100% ownership of the company.

The acquisition agreement marks a logical extension of a successful business relationship that dates to 1990, when UPS first offered its service to customers in Romania through Romtrans SA, TCS's parent company. TCS has been UPS's authorized service contractor in Romania since it was founded as a separate entity in 2000.

UPS expects to complete the transaction in the second quarter of 2008, subject to customary closing conditions. Terms of the deal were not disclosed.

As a result of the acquisition, UPS in Romania will be able to solidify its premium service offering to customers and improve its already high levels of service quality in one of the fastest-growing economies in the EU*.

"This agreement opens a wealth of opportunity for UPS customers seeking to do business to and from Romania," said Wolfgang Flick, president, UPS Europe. "With direct control of our own network, UPS will have the flexibility it needs to expand operations and to invest in infrastructure, technology, brand presence and employee development. And our customers will have the confidence of knowing we can stay ahead of demand in a country that's growing GDP at almost three times the EU average."

The Bucharest-based TCS has been UPS's service provider in Romania, offering customers a suite of international delivery services through a strong nationwide network backed by advanced shipping systems and technology as well as an experienced workforce. TCS's customers include some of the most recognized brands in Romania across a broad range of industries. TCS operates facilities in Bucharest, Timisoara and Constanta and connects to UPS's global network with a flight operating between Bucharest and Cologne every weekday.

"This acquisition is an ideal strategic and operational fit for UPS," added Flick. "Romania is clearly one of the most dynamic economies in Europe, especially since joining the EU last year, and we are delighted with the progression of our business in this key southeastern European nation. In addition, we are very pleased to welcome the more than 100 hard-working TCS employees into the UPS family, which is already 40,000 strong across Europe."

UPS has enjoyed solid growth in Romania over the years and in 2007 recorded a 10% gain in export volume growth compared to the prior year.

UPS (NYSE: UPS) is the world's largest package delivery company and a global leader in supply chain and freight services. With more than a century of experience in transportation and logistics, UPS is a leading global trade expert equipped with a broad portfolio of solutions. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. The company can be found on the Web at UPS.com. To get UPS news direct, visit pressroom.ups.com/RSS.

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*5.9% GDP growth is forecasted for Romania in 2008, according to the World Bank.

Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US 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, increases 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 US Securities and Exchange Commission, which discussions are incorporated herein by reference.