• UPS News for UPSers RSS Feed

    Published on 07-30-2010 08:22 AM
    Categories:
    1. Labor News

    Inline Image Canada Council of Teamsters ratifies five-year agreement with UPS - Smart Money

    UPS Canada (NYSE:UPS) is pleased to announce that a tentative agreement with the Canada Council of Teamsters has been ratified. This results in a new five-year agreement covering approximately 5,500 employees throughout Canada.

    "This agreement is good for our people, our customers and our company," says Mike Tierney, president of UPS Canada. "Its ratification shows the strong commitment on both sides to serving our customers. Now that the negotiation process is complete, we can continue to focus on doing what we do best: providing our customers with the excellent service they have come to expect from UPS."
    Published on 07-30-2010 08:14 AM
    Categories:
    1. UPS Press Releases

    Inline Image UPS Opening New Facility to Serve Portland Area - UPS

    UPS (NYSE:UPS) today announced it is opening a large, modern package sorting and delivery facility in Portland, doubling the capacity of its older building. The new $86 million facility, including parking and trailer staging areas, spans 46 acres.

    "The new Swan Island building will allow us to process more package volume in less time and with less effort, which will definitely benefit our customers and our employees," said Nancy Koeper, president, UPS Northwest District. "We see significant growth potential in this part of the country and this facility positions UPS to provide the best of service for years into the future."

    The facility at 6707 North Basin Ave is an expansion of the old building, which was built in 1971. The new building covers 263,488 square feet; can accommodate up to 265 delivery trucks, and can sort up to 40,000 packages per hour. The old building could service up to 204 trucks and was able to sort half as many packages as the new structure. The new facility also features a modern customer counter inside to handle any shipping need. An automated "tilt tray" sorting process has been added for the sortation of small packages.
    Published on 07-28-2010 07:09 AM
    Categories:
    1. Industry News

    Inline Image Why FedEx and UPS Don't Reflect the Overall Economy - Seeking Alpha

    Strong earnings and increased forecasts from UPS (UPS) and Federal Express (FDX) lifted hopes of the economic bulls. Sorry. They are gaining market share on other carriers, online retailers are gaining market share and companies are running leaner inventories and using “just right now” shipping to keep inventories lean.

    The freight forwarding and air cargo business has a great many smallish companies that are flexible, nimble, and cater to certain industries such as pharmaceuticals. They are going out of business due to the recession and a pullback in credit lines. Go back through industrial directories and yellow pages and you will see the proof.

    When the final revisions to GDP are ready three years from now, they will show a flat economy or slightly negative growth in Q2. Ignore the bulls, the double dip is here, right now.
    Published on 07-27-2010 06:56 AM
    Categories:
    1. Industry News

    Inline Image FedEx, UPS Signal Export-Led U.S. Growth Momentum - Bloomberg

    FedEx Corp. and United Parcel Service Inc., two bellwethers of the U.S. economy, are signaling durability of a global recovery powered by growth overseas rather than demand at home.

    Both freight companies raised profit forecasts in recent days on the strength of cross-border shipments, especially from Asia, reflecting confidence in trade flows even as the European debt crisis threatens to weaken global demand.

    FedEx and UPS are also benefiting from a reduction in airfreight capacity over the last three years as carriers parked planes and passenger airlines including Delta Air Lines Inc., the world’s largest carrier, got rid of dedicated freighters.
    Published on 07-26-2010 07:16 AM
    Categories:
    1. Fedex News

    Inline Image FedEx increases earnings outlook, will restore 401(k) match - Memphis Business Journal

    FedEx Corp. is anticipating sunnier skies ahead, increasing its earnings expectations and planning to restore its 401(k) match for employees in 2011.

    The company expects earnings to be in the range of $1.05 to $1.25 per diluted share for the first quarter ending Aug. 31, up from $0.58 per diluted share a year ago. The company’s previous guidance for the quarter was $0.85 to $1.05 per diluted share.

    For the full year, FedEx (NYSE: FDX) expects earnings per diluted share of $4.60 to $5.20, up from $4.40 to $5, which reflects the current market outlook for fuel prices and a continued moderate recovery in the global economy. The company reported earnings of $3.76 per diluted share last year.
    Published on 07-26-2010 07:10 AM
    Categories:
    1. UPS Press Releases

    Inline Image UPS Sets New Automotive Goal to Improve Fuel Efficiency by 20 Percent-UPS

    UPS (NYSE:UPS) has set a new automotive goal to improve the miles per gallon (MPG) performance of its entire U.S. package delivery fleet by 20 percent between 2000 and 2020.
    The goal was announced today as UPS released the latest annual update of its corporate Sustainability Report, available at ups.com/sustainability.

    The new goal builds on gains UPS already has made by increasing its U.S. MPG 10% between 2000 and 2009 and applies to a U.S. ground fleet of 60,000 vehicles.

    "Our automotive efficiencies over the last decade show a genuine commitment to conserving fuel and decreasing the emissions associated with the packages we deliver," said Bob Stoffel, UPS senior vice president and the executive responsible for UPS's sustainability program. "This new goal for the next decade is an important milestone in UPS's continuing dedication to finding and using new technology and processes that help us meet our customers' needs in a sustainable way."
    Published on 07-23-2010 07:49 AM
    Categories:
    1. UPS News

    Inline Image U.P.S., Citing a Strong Performance, Raises Outlook - New York Times

    United Parcel Service, the package delivery company, said Thursday that its second-quarter net income increased 90 percent and raised its earnings outlook for the year, citing encouraging indications of future global trade.

    Increases in its international business, particularly from Asia, raised the volume of its export shipments by 15 percent.

    “Our approach to international expansion using alliances, service partners and acquisitions has proved to be successful,” the chief executive, D. Scott Davis, said during a conference call with analysts. The company had an overall 7 percent increase in its revenue per freight piece because of heavier average shipment weight, higher prices and fuel surcharge increases.
    Page 1 of 30 1 2 3 4 5 6 11 ... LastLast

VSA Addons by Inflikted