UPS Cuts Profit Outlook on Costs for Holiday Shipments – Bloomberg

United Parcel Service Inc. (UPS) lowered its full-year profit outlook as the company boosts spending to help handle booming demand for fast shipping during the holidays. The shares tumbled the most in a year.

The company now forecasts earnings per share to be $4.90 to $5, it said in its second-quarter statement today. That’s lower than the outlook the Atlanta-based company gave in April of $5.05 to $5.30 a share.

UPS said it plans to spend $175 million on improving its shipping during the holiday crush, specifically expanding operations on the day after Thanksgiving, and making improvements to its Orion software that helps plot the best route for drivers. Last year harsh winter weather and a last-minute surge in online orders caused UPS to miss some Christmas deliveries.

Why United Parcel Service (UPS) Might Surprise This Earnings Season – NASDAQ

Investors are always looking for stocks that are poised to beat at earnings season and United Parcel Service, Inc. may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because United Parcel Service is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for UPS in this report.

A USPS Worker Called 911, and Then His Bosses Called Him a Terrorist – Bloomberg

Postal workers sometimes characterize the U.S. Postal Service as a vast bureaucracy indifferent to their gripes. But that’s not always the case. Consider what happened to Thomas Purviance, a longtime USPS employee in St. Louis, who complained about a potential safety hazard in one of the agency’s facilities: According to a recently filed lawsuit, his managers at the USPS responded by accusing him of being a terrorist.

On July 18 the U.S. Department of Labor sued the USPS, claiming the Postal Service retaliated against Purviance, a maintenance worker with 35 years experience on the job who had the nerve to call 911 after his superior dismissed Purviance’s concerns about what he feared was a carbon monoxide leak on the premises. The Labor Department says the alleged retaliation violated the Occupational Safety and Health Act, which permits employees to contact the authorities when they feel their working conditions are unsafe.

A Touchy Legal Question For FedEx, UPS: What’s in the Box? – Wall Street Journal

How much responsibility do shippers like FedEx Corp. or United Parcel Service Inc. bear for the contents of the box or envelope they deliver to your doorstep?

That’s the question carriers are mulling after the Department of Justice indicted FedEx last week with conspiracy to distribute controlled substances over its alleged role in transporting painkillers and other prescription drugs that had been sold illegally. FedEx denies any wrongdoing, and says it will plead not guilty.

Southern California UPS driver arrested on gun trafficking charges – 89.3 KPCC

A Southern California driver for United Parcel Service was arrested Friday, accused of stealing dozens of guns bound for a Turner’s Outdoorsman store in Rancho Cucamonga.

Curtis Hays, 36, allegedly funneled 72 weapons, including 12-gauge shotguns and .45-caliber pistols, to an associate for sale on the region’s bustling black market for illegal firearms.

“This is an unusual case,” said Carlo A. DiCesare, a special assistant U.S. Attorney in Riverside who is prosecuting the case. “It was a large number of firearms that were stolen, and they were stolen from a reputable shipping company.”