Profits over safety? LAX FedEx workers sue courier for allegedly ignoring complaints – My News LA

An aircraft technician and his boss who work at FedEx’s Los Angeles International Airport location are suing the courier giant for allegedly ignoring their complaints that the company put profits ahead of safety by not maintaining its aircraft consistent with FAA safety requirements.

Stanley Langevin and Mark Collins filed the whistleblower complaint Wednesday in Los Angeles Superior Court. Collins, who is black and also is Langevin’s supervisor, additionally alleges racial discrimination. The suit seeks unspecified damages.

UPS To Acquire Coyote Logistics

UPS to acquire technology-driven, non-asset based truckload freight brokerage, adding to portfolio with complementary revenue and operational synergies

Transaction Highlights

  • UPS announces agreement to acquire Coyote Logistics for $1.8 billion
  • Expands portfolio, adding large scale non-asset based full-truckload (FTL) and transportation management services
  • Provides growth opportunities for UPS from high growth truck freight market expansion, Coyote organic growth, customer cross-selling
  • Synergies for UPS backhaul utilization and purchased transportation
  • Leadership continuity: CEO Jeff Silver, an industry veteran, will continue to lead Coyote, as a UPS subsidiary
  • Coyote employees, expertise, systems and culture to be supported
  • Accretive to earnings in 2016

UPS Applauds Passage Of Legislative Language To Tax All Fuels Equally

Provision in short-term highway bill extension will end disparity in the way some alternative fuels are taxed

UPS® (NYSE:UPS), a leading global logistics provider, applauds the U.S. Congress for passing legislative language in today’s short-term highway extension equalizing the federal excise tax for liquefied natural gas (LNG) and propane with their counterparts, diesel and gasoline. This federal tax disparity for LNG and propane is perhaps the greatest disincentive to converting large commercial trucking fleets to run on alternative fuels.

What Does the UPS Earnings Beat Mean for FedEx? – Motley Fool

Domestic demand looks iffy, but European shipment growth bodes well for FedEx’s proposed acquisition of TNT Express.

Profit growth came from international markets

Indeed, operating profit rose just 3% in the U.S. domestic package segment last quarter. The upside in UPS’s results instead came from outside the U.S.

The bottom line is that despite economic weakness in a number of countries, global trade is growing. Intra-Europe shipments rose 8.5% for UPS last quarter. The strong dollar and weak euro have hurt U.S. exports but are boosting import demand in the U.S. European luxury goods companies have also seen good growth in Asia, helped by the weak euro.

UPS fires warning shot across the bow of the stock market and the Fed – Marketwatch

United Parcel Service Inc. has fired warning shots across the bow of the Federal Reserve and the stock market, by saying that U.S. economic growth appears to be slowing.

The package-delivery giant’s cautious outlook runs counter to what Fed Chairwoman Janet Yellen said earlier this month, when she told Congress she expects the U.S. economy to keep strengthening enough for the central bank to raise interest rates “at some point this year.” The Fed’s outlook could become clearer when it releases its latest monetary policy statement on Wednesday.

It also suggests investors should take the relative weakness in UPS stock, as well as the Dow Jones Transportation Average, more seriously, as a warning that a much bigger selloff may be on the horizon for the broader market.