UPS Inc. said an unexpected surge of last-minute Internet gift orders during a compressed peak holiday season strained its delivery system, leading to fourth-quarter earnings of about $1.25 per share, or 18 cents below Wall Street estimates.
January 17, 2014Business
UPS Freight Teamsters Approve 5-Year Pact
UPS Freight employees in the Teamsters union approved a five-year agreement that gives workers a total $2.50 per hour wage boost that the union said makes them the best-paid drivers in the less-than-truckload industry.
January 13, 2014Business
UPS Freight Teamsters Vote on New Five-Year Contract
The tentative agreement between UPS Freight and employees represented by the Teamsters went to a vote last week, seven months after the company’s original proposal was rejected by a wide margin.
January 13, 2014Business
Union Leaders Endorse New UPS Freight Deal, Clearing Way for Vote
Local Teamsters leaders cleared the way for members in UPS Inc.’s Freight unit to vote on a new tentative contract that comes seven months after the company’s original proposal was rejected by the union by a wide margin.
January 7, 2014Business
Parcel Carriers Work to Resolve Christmas Problems
Parcel carriers UPS Inc. and FedEx Corp. worked diligently in the days following Christmas to deliver packages that missed the promised Dec. 24 deadline.
December 30, 2013Business
UPS to Expand Memphis Airport Facility
UPS Inc. plans to spend $80 million to expand its facility near Memphis International Airport, according to the development board of Memphis, Tenn.
November 19, 2013Business
UPS’ 3Q Profits More Than Double as Domestic Parcel Business Jumps
UPS Inc.’s third-quarter earnings more than doubled to exceed $1 billion, owing to a year-earlier pension charge as well as help from improved domestic package business and higher less-than-truckload revenue.
November 4, 2013Business
UPS More Than Doubles 3Q Income
Parcel carrier UPS Inc. said its third-quarter net income grew by 133%, primarily due to growth in e-commerce shipments in the United States and increased exports from Europe.
October 25, 2013Business
UPS to Spend $50 Million For 9 More LNG Stations
The use of natural gas as a trucking fuel was back in the spotlight last week, as the largest U.S. trucking company and a key fuel supplier announced new investments.
October 14, 2013Business
UPS Expands Shipment Options to Mexico
UPS Inc. has expanded shipment options to Mexico with a discount door-to-door ground service and expanded preferred less-than container-load expedited ocean freight service.
October 10, 2013