UPS 2007 Annual Report Download - page 24

The FAA’s authority primarily relates to safety aspects of air transportation, including aircraft standards and
maintenance, personnel and ground facilities. In 1988, the FAA granted us an operating certificate, which
remains in effect so long as we meet the operational requirements of federal aviation regulations.
FAA regulations mandate an aircraft corrosion control program, and aircraft inspection and repair at
periodic intervals specified by approved programs and procedures, for all aircraft. Our total expenditures under
these programs for 2007 were $15 million. The future cost of repairs pursuant to these programs may fluctuate.
All mandated repairs have been completed, or are scheduled to be completed, within the timeframes specified by
the FAA.
Our ground transportation of packages in the U.S. is subject to the DOT’s jurisdiction with respect to the
regulation of routes and to both the DOT’s and the states’ jurisdiction with respect to the regulation of safety,
insurance and hazardous materials.
We are subject to similar regulation in many non-U.S. jurisdictions. In addition, we are subject to non-U.S.
government regulation of aviation rights involving non-U.S. jurisdictions, and non-U.S. customs regulation.
The Postal Reorganization Act of 1970 created the U.S. Postal Service as an independent establishment of
the executive branch of the federal government, and vested the power to recommend domestic postal rates in a
regulatory body, the Postal Rate Commission. We participate in the proceedings before the Postal Rate
Commission in an attempt to secure fair postal rates for competitive services.
We are subject to numerous other laws and regulations in connection with our non-package businesses,
including customs regulations, Food and Drug Administration regulation of our transportation of
pharmaceuticals, and state and federal lending regulations.
Where You Can Find More Information
We make our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K,
and all amendments to these reports available free of charge through the investor relations page of our website,
located at www.shareholder.com/ups, as soon as reasonably practicable after they are filed with or furnished to
the SEC. Additional information about UPS is available at www.ups.com. Our sustainability report, which
presents the highlights of our activities that support our commitment to acting responsibly and contributing to
society, is available at www.sustainability.ups.com .
We have adopted a written Code of Business Conduct that applies to all of our directors, officers and
employees, including our principal executive officer and senior financial officers. It is available in the
governance section of the investor relations page of our website, located at www.shareholder.com/ups. In the
event that we make changes in, or provide waivers from, the provisions of the Code of Business Conduct that the
SEC requires us to disclose, we intend to disclose these events in the governance section of our investor relations
website.
Our Corporate Governance Guidelines and the charters for our Audit Committee, Compensation Committee
and Nominating and Corporate Governance Committee are also available in the governance section of the
investor relations page of our website.
See Footnote 12 to our consolidated financial statements for financial information regarding our reporting
segments and geographic areas in which we operate.
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