UPS Foundation President Ken Sternad is the author of an opinion piece published on The Huffington Post site: The earthquake in Haiti has sparked a remarkable global outpouring of generosity. But the relief effort’s success depends on more than donations of cash and goods; it hinges on the consistent and efficient distribution and management of food, [...]
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UPS Delivers ... Oh, Never Mind - Motley Fool
I recently argued that UPS will turn out to be the best performing stock in 2010. More than 1,700 of you cast votes agreeing with me, making (in the first round of voting, at least) UPS the most popular pick out of a field of 13 lucky contenders. (AAPL) eventually took the prize, narrowly beating out Silver Wheaton (SLW).
UPS bulls will tell you that the reasons to own this company are its record in innovation; its leveraging of supply-chain expertise through its logistics business; and its flanking attack on FedEx and Staples (SPLS) with the new online printing venture. And, of course, there's its use of "mobile shipping" as described in its ballyhooed references to the iPod, iPhone, and Research In Motion's (Nasdaq: RIMM) BlackBerry in this week's release.
As for me, I'm just impressed with UPS's handling of the basics: Keeping costs down. Leveraging revenue growth over fixed costs. Getting the margins moving back up. Block and tackle, UPS. Block and tackle.
UPS Increases Dividend for First Time in Two Years - Bloomberg
United Parcel Service Inc., the world’s largest package-delivery company, raised the quarterly dividend on its shares 4.4 percent for the first boost in two years as the economy recovers.
The revised dividend is 47 cents a share, up from 45 cents and payable March 3 to stockholders as of Feb. 16, the Atlanta- based company said today in a statement. The last increase was 3 cents, declared in January 2008.
UPS cited “our outlook for a gradual economic recovery and the expectation of strong performance in 2010.”
UPS Faces Class Action on Fuel Charges - Courthouse News Service
A federal RICO class action claims that United Parcel Service for years has charged customers a premium to ship packages by air while actually shipping them by truck to save money on fuel and add to its bottom line. The class claims the "Air-In-Ground program" has earned UPS "hundreds of millions of dollars" in ill-gotten gains since 1995.
Lead plaintiff Arapahoe Hyundai of Denver says that the purpose of the Air-In-Ground program is to "collect the higher price charged for air transportation while actually transporting packages more cheaply by ground."
The class claims that UPS charges fuel surcharges for air shipping even if it ships the packages by truck.
UPS denied the allegations and said the lawsuit is "baseless."
Check out this video that gives a behind-the-scenes look at how thousands of orders are fulfilled every day for Sprint customers. UPS handles 85% of direct-to-consumer orders in U.S. after competing with 8 other companies to win the business.Some 5 1/2 miles of high-speed conveyors and 375,000 square feet of storage and fulfillment space in [...]
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This weekend was busy for UPSers focused on helping Haiti:*In Miami, more than 50 UPS volunteers boxed up over 2,000 cartons full of blankets, sleeping mats and towels in a UPS warehouse *In Carteret, NJ volunteers from UNICEF and UPS boxed up 2,000 sets of underwear, shirts, shorts, sandals, toothbrushes and toothpasteBoth shipments will be [...]
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One of the things I admire about UPS is its willingness – despite a very strong, structured culture – to embrace change when necessary.* UPS will turn 103 years old this year and in that time, it’s developed and pursued five different business plans that required transformation.In the beginning, company founder Jim Casey set out [...]
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