EXHIBIT 21 SUBSIDIARIES OF UNITED PARCEL SERVICE OF AMERICA, INC. AS OF DECEMBER 31, 1998 Wholly-Owned Subsidiaires Name of Subsidiary State of Organization Date of Organization ------------------ ---------------------- --------------------- C.C.& E. I, L.L.C................................................ Delaware June 1, 1983 Crossroads Distribution Center Property Owners Association Corporation..................................................... Illinois May 4, 1989 Merchants Parcel Delivery........................................ Washington April 5, 1909 Oasis Wholesale Supply Corporation............................... Louisiana June 15, 1998 The Orly Company L.L.C........................................... Delaware March 25, 1994 Trailer Conditioners, Inc........................................ Delaware March 22, 1982 United Parcel Service Co......................................... Delaware January 22, 1953 United Parcel Service General Services Co....................... Delaware November 4, 1957 United Parcel Service, Inc....................................... New York June 27, 1930 United Parcel Service, Inc....................................... Ohio March 19, 1934 United Parcel Service Oasis Supply Corporation................... Delaware September 9, 1997 UPICO Corporation................................................ Delaware December 26, 1974 UPINSCO, Inc..................................................... U.S. Virgin Islands December 1, 1994 UPS Air Leasing, Inc............................................. Delaware October 12, 1989 Avenair Corporation............................................. Nevada November 14, 1994 Nevair Corporation.............................................. Nevada November 10, 1994 UPS Aviation Services, Inc....................................... Delaware February 7, 1989 UPS Business Communications Services, Inc........................ Delaware July 31, 1998 UPS Capital Corporation.......................................... Delaware May 28, 1998 Glenlake Financial Corp......................................... Delaware July 29, 1998 Glenlake Financial Corp. of Kentucky............................ Kentucky December 10, 1998 UPS Customhouse Brokerage, Inc................................... Delaware April 1, 1985 UPS Deutschland Management L.L.C................................. Georgia November 21, 1997 UPS (Germany) Inc................................................ Delaware September 10, 1980 UPS International General Services Co............................ Delaware August 12, 1988 UPS International, Inc........................................... Delaware July 5, 1988 United Parcel Service Espana Ltd................................ Delaware December 4, 1992 United Parcel Service Italia, S.R.L............................. Delaware January 11, 1993 UPS International Forwarding, Inc............................... Delaware August 13, 1990 UPS of Argentina, Inc........................................... Delaware March 17, 1992 UPS of Brazil, Inc.............................................. Delaware November 12, 1993 UPS of China, Inc............................................... Delaware April 25, 1995 UPS of Greece, Inc.............................................. Delaware May 10, 1996 UPS of Norway, Inc.............................................. Delaware September 25, 1992 UPS of Portugal, Inc............................................ Delaware June 30, 1992 UPS Internet Services, Inc....................................... Delaware August 8, 1997 UPS Logistics Group, Inc......................................... Delaware May 24, 1996 Diversified Trimodal, Inc....................................... Delaware July 25, 1979 Pax Logistics International, Ltd................................ Delaware March 18, 1998 Roadnet Technologies, Inc....................................... Delaware May 12, 1986 SonicAir, Inc................................................... Arizona February 16, 1995 UPS Professional Services, Inc................................... Delaware December 8, 1997 UPS Truck Leasing, Inc........................................... Delaware September 11, 1991 Name of Subsidiary State of Organization Date of Organization ------------------ --------------------- -------------------- UPS Worldwide Logistics, Inc..................................... Delaware December 18, 1992 Worldwide Logistics - Nevada, Inc............................... Delaware January 4, 1999 Worldwide Logistics TriState, a UPS Worldwide Logistics Company........................................................ Delaware June 25, 1998 Worldwide Dedicated Services, Inc............................... Delaware June 9, 1995 UPS Procurement Services Corporation............................. Delaware September 9, 1997 UPS Properties, Inc.............................................. Delaware May 9, 1990 El Paso Distribution Center, Inc. (One)......................... Texas September 17, 1990 El Paso Distribution Center, Inc. (Two)......................... Texas September 17, 1990 Tri-State Distribution, Inc. (One).............................. Illinois September 14, 1990 Tri-State Distribution, Inc. (Two).............................. Illinois September 14, 1990 Tri-State Distribution, Inc. (Three)............................ Illinois September 14, 1990 Tri-State Distribution, Inc. (Four)............................. Illinois September 14, 1990 Tri-State Distribution, Inc. (Five)............................. Illinois September 14, 1990 Vista Distribution Center, Inc. (One)........................... Nevada September 14, 1990 Vista Distribution Center, Inc. (Two)........................... Nevada September 14, 1990 Vista Distribution Center, Inc. (Three)......................... Nevada September 14, 1990 Vista Distribution Center Inc. (Four)........................... Nevada September 14, 1990. Vista Distribution Center, Inc. (Five).......................... Nevada September 14, 1990. UPS Telecommunications, Inc...................................... Delaware April 25, 1990 UPS Worldwide Forwarding, Inc.................................... Delaware August 12, 1988 Velleb, Inc...................................................... Washington October 30, 1995 II Morrow, Inc................................................... Oregon March 9, 1982 Adi Realty Company............................................... Idaho March 30, 1979 Alko Corporation................................................. Oklahoma December 7, 1976 Bardale Company.................................................. Illinois July 1, 1965 Basplaz Corporation.............................................. Delaware January 16, 1987 Brastock Corporation............................................. Nebraska April 15, 1974 Brookind Corporation............................................. Illinois January 26, 1970 Buckroe Corporation.............................................. Alabama September 17, 1984 Burdence Corporation............................................. Rhode Island September 26, 1969 Chasreal, Inc.................................................... West Virginia January 20, 1965 Cleve Company.................................................... Ohio December 19, 1958 Cova Corporation................................................. Virginia March 13, 1978 Dakkel Corporation............................................... South Dakota February 11, 1971 Dalho Corporation................................................ Texas January 29, 1970 Darico, Inc...................................................... Connecticut May 26, 1969 Daven Corporation................................................ Iowa June 14, 1976 Denado Corporation............................................... Colorado March 1, 1971 Edison Corporation............................................... New Jersey April 21, 1970 Elsil Corporation................................................ Illinois July 3, 1986 Evind Corporation................................................ Indiana November 6, 1969 Fardak Corporation............................................... North Dakota February 11, 1971 Galanta Company.................................................. Georgia July 15, 1968 Kylou, Inc....................................................... Kentucky May 24, 1982 Labar Corporation................................................ Louisiana October 12, 1983 Mascester Company, Inc........................................... Massachusetts June 13, 1969 Masreal Company, Inc............................................. Massachusetts November 8, 1962 Mexalb Corporation............................................... New Mexico September 15, 1975 Minneagen Real Estate Company.................................... Minnesota January 28, 1985 -2- Name of Subsidiary State of Organization Date of Organization ------------------ --------------------- -------------------- Missjack Company................................................. Mississippi January 4, 1971 Montbill Corporation............................................. Montana July 22, 1976 Moroc Corporation................................................ Missouri October 6, 1972 Newbany Corporation.............................................. New York September 23, 1969 Nubee, Inc....................................................... New York December 9, 1943 Oshcon Corporation............................................... Wisconsin April 16, 1974 Parkprop, Inc.................................................... Kansas March 7, 1989 Penallen Corporation............................................. Pennsylvania July 7, 1969 Ralcar Corporation............................................... North Carolina April 20, 1970 Rockapar Corporation............................................. Arkansas April 30, 1973 Royoak, Incorporated............................................. Michigan July 10, 1969 Sallad Corporation............................................... Texas February 26, 1982 Saluta Corporation............................................... Utah February 22, 1977 Saskan Corporation............................................... Kansas June 16, 1969 Kacika Corporation.............................................. Kansas November 13, 1984 Socol Company, Inc............................................... South Carolina July 2, 1969. Solacal Company.................................................. California February 16, 1966 Lacalos Corporation............................................. Nevada January 29, 1986 Sophil Company................................................... Pennsylvania August 22, 1962 South Seventh Corporation........................................ Washington June 11, 1969 Stadiana, Inc.................................................... Indiana April 1, 1959 Swanpor Corporation.............................................. Oregon May 13, 1970 Temphis Corporation.............................................. Tennessee September 10, 1969 Valacal Company.................................................. California July 7, 1966 Verbal Corporation............................................... Maryland September 18, 1969 Verlas Corporation............................................... Nevada March 24, 1971 Willmanch Corporation............................................ New Hampshire October 30, 1973 Wycas Corporation................................................ Wyoming June 10, 1976 Wyld, Inc........................................................ Delaware September 5, 1980 International Subsidiaries Name of Subsidiary Country of Organization Date of Organization ------------------ ----------------------- -------------------- UPS de Argentina, S.A............................................ Argentina September 25, 1998 United Parcel Service Pty. Ltd................................... Australia December 7, 1990 UPS Pty. Ltd..................................................... Australia January 19, 1990 United Parcel Service Speditionsgesellschaft m.b.H.................................... Austria September 2, 1986 UPS AZ........................................................... Azerbaijan January 29, 1998 United Parcel Service (Bahrain) WLL.............................. Bahrain February 19, 1983 UPS Belarus...................................................... Belarus February 10, 1997 United Parcel Service Belgium N.V................................ Belgium March 25, 1986 UPS Europe N.V./S.A.............................................. Belgium September 24,1996 United Parcel Service (Bermuda) Ltd.............................. Bermuda June 25, 1985 UPS of Bermuda, Inc.............................................. Bermuda June 25, 1985 UPS do Brasil, Cia............................................... Brazil January 24, 1994 2855-8278 Quebec Inc............................................. Canada April 24, 1991 724352 Ontario Limited........................................... Canada June 19, 1987 -3- Country of Name of Subsidiary Organization Date of Organization ----------------- ------------ -------------------- United Parcel Service Canada Ltd................................. Canada September 19, 1974 UPS Logistics Group Canada Ltd................................... Canada December 1, 1998 United Parcel Service Cayman Islands Limited.................... Cayman Islands June 5, 1992 United Parcel Service de Chile Limitada.......................... Chile January 14, 1997 UPS de San Jose, S.A............................................. Costa Rica July 27, 1995 UPS Denmark A/S.................................................. Denmark January 1, 1989 UPS Dominicana, S.A.............................................. Dominican Republic June 18, 1997 United Parcel Services Finland OY ............................... Finland January 28, 1987 United Parcel Service France S.N.C.............................. France March 31, 1994 UPS Worldwide Logistics SARL..................................... France August 14, 1997 UPS Georgia...................................................... Georgia March 17, 1997 Prost-Transports S.A. Speditionsgesellschaft gmbH............... Germany 1989 UPS Air Cargo Service GmbH....................................... Germany January 12, 1988 UPS Deutschland Inc. and Co. OHG. ............................... Germany October 12, 1997 UPS Grundstuecksverwaltungs GmbH................................. Germany February 25, 1985 UPS Holding GmbH................................................. Germany January 9, 1976 UPS Transport GmbH............................................... Germany August 5, 1976 UPS Transport GmbH II .......................................... Germany July 25, 1990 UPS Worldwide Logistics GmbH..................................... Germany August 17, 1993 UPS Parcel Delivery Service Limited.............................. Hong Kong November 6, 1987 UPS Hungary kft.................................................. Hungary November 1, 1997 United Parcel Service CSTC Ireland Limited...................... Ireland June 8, 1995 United Parcel Service of Ireland Limited........................ Ireland March 25, 1986 United Parcel Service Italia, S.R.L.............................. Italy July 30, 1986 UPS Japan Limited................................................ Japan October 14, 1986 United Parcel Service Jersey Limited............................. Jersey October 23, 1973 UPS (KZ)......................................................... Kazaksthan December 20, 1996 UPS-Korea Express Company Ltd. .................................. Korea January 30, 1996 United Parcel Service (M)Sdn. Bhd................................ Malaysia August 17, 1988 United Parcel Service de Mexico S.A., de C.V.................... Mexico November 22, 1989 UPS Worldwide Logistics de Mexico................................ Mexico June 3, 1996 UPS Plus SRL (Moldova). ......................................... Moldova July 25, 1997 Prost-Transports Frankrijk B.V................................... Netherlands July 20, 1988 United Parcel Service Nederland B.V.............................. Netherlands December 19, 1985 UPS Worldwide Logistics Nederland BV............................. Netherlands January 31, 1996 United Parcel Service Nigeria Ltd................................ Nigeria December 28, 1978 UPS Norge A/S.................................................... Norway August 8, 1986 UPS-Delbros International Express Co. Ltd. ...................... Philippines February 27, 1997 UPS International General Services Co.......................... Philippines November 19, 1996 UPS of Portugal -- Transportes Internacionais de Mercadorias Lda............................... Portugal September 12, 1997 UPS Sovtransavto................................................. Russia December 1, 1989 United Parcel Service Singapore PTE Ltd......................... Singapore June 15, 1988 UPS Worldwide Logistics Asia Pte., Inc.......................... Singapore November 17, 1995 Sociedad Inversora Sanrelman, S.A................................ Spain November 17, 1988 United Parcel Service Espana Ltd. Y Compania, S.R.C............. Spain January 1, 1993 UPS Spain, S.L................................................... Spain March 9, 1988 United Parcel Service Sweden AB.................................. Sweden November 11, 1967 United Parcel Service (Switzerland).............................. Switzerland August 28, 1986 UPS Parcel Delivery Service Limited.............................. Thailand September 28, 1988 -4- Country of Name of Subsidiary Organization Date of Organization ------------------ ------------ -------------------- Ukrainian Parcel Service......................................... Ukraine March 11, 1994 Atexco (1991) Limited............................................ United Kingdom March 6, 1985 Atlasair Limited................................................. United Kingdom July 24, 1947 Carryfast Limited................................................ United Kingdom August 4, 1941 United Parcel Service of America................................. United Kingdom October 28, 1991 UPS Air Couriers of America Ltd.................................. United Kingdom February 11, 1969 UPS (UK) Limited................................................. United Kingdom October 2, 1984 UPS Limited...................................................... United Kingdom July 24, 1985 UPS of America Limited........................................... United Kingdom March 5, 1985 UPS Worldwide Logistics Ltd...................................... United Kingdom November 28, 1995 -5-