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UPS profit falls as brutal winter raises costs – Reuters

United Parcel Service Inc (UPS.N), the world’s biggest courier company, reported a 12 percent fall in quarterly profit due to increased overtime and transport costs related to a colder-than-usual winter in the United States.

The company also warned that full-year earnings were likely to come in at the lower end of its earlier forecast, citing the “challenging” start to 2014.

UPS joins a growing list of companies, including closest rival FedEx Corp (FDX.N), that have blamed the harsh winter for weak results and a subdued outlook for 2014.

A Second Contract Vote Fails: How UPS’s Most Important Distribution Center Is at Risk

The Teamsters’ Local 89 Union at United Parcel Services’ (NYSE: UPS  ) famed Worldport Hub has once again voted down the proposed Louisville air supplement in a vote of 2804 against and 185 for the proposal. This marks the second time that the contract has been voted down, and it highlights the ongoing strain between UPS and one of the company’s most important local unions.

Declining Revenue Per Package May Temper UPS’s Revenue Growth – Trefis

Lately there has been a shift in customer preference towards economical means of shipping packages, even if it means waiting a few extra days for their shipments to get delivered. For UPS, this leads to a cannibalization effect wherein package volumes of time-efficient-yet-pricy services decline and volumes for economical services increase. Volume for UPS SurePost, a low cost service which leverages the resources of the U.S. Postal service, increased more than 30% in the fourth quarter 2013 as shippers continued to choose lower costs over faster deliveries. From an overall volume perspective, there is no impact for UPS. However, the trend has been putting pressure on UPS’s revenue per package.

To Increase Productivity, UPS Monitors Drivers’ Every Move – NPR

The American workforce might want to pay attention to all those brown trucks full of cardboard boxes. UPS is using technology in ways that may soon be common throughout the economy.

On the surface, UPS trucks look the same as they did more than 20 years ago, when Bill Earle started driving for the company in rural Pennsylvania.

But underneath the surface, Earle says, the job has changed a lot. The thing you sign your name on when the UPS guy gives you a package used to be a piece of paper. Now it’s a computer that tells Earle everything he needs to know.