Category: UPS News

Higher labor costs during the pandemic-plagued holiday season may erode the profits of United Parcel Service, the world’s biggest package delivery firm, which is set to report quarterly earnings on Tuesday.

Investors will be watching for the margin impact from the company’s mostly unionized delivery workforce. UPS hired nearly 100,000 people for the holiday season and plans to keep a portion of those workers on board.

The company increased worker pay in certain regions to an average of $18 per hour from $15, it said in June.

Union pay and benefits for UPS drivers, sort center workers and package loaders generally exceed those at non-union shops like Amazon.com, UPS’s largest customer and a growing delivery rival.

United Parcel Service (NYSE:UPS) will post its quarterly earnings results before the market opens on Tuesday, February 1st. Analysts expect United Parcel Service to post earnings of $3.05 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

NYSE UPS opened at $198.25 on Friday. The stock has a market capitalization of $172.31 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.43 and a beta of 1.13. United Parcel Service has a twelve month low of $154.76 and a twelve month high of $220.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.73. The stock has a 50-day moving average of $207.31 and a 200 day moving average of $200.84.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 8th. Shareholders of record on Monday, November 22nd were issued a dividend of $1.02 per share. The ex-dividend date was Friday, November 19th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.06%. United Parcel Service’s payout ratio is currently 54.99%.

UPS driver Brian Van Meter was recently seen by a customer helping an elderly lady into the Corsicana HEB.

As he pulled up to HEB, Van Meter saw an elderly woman trying to cross the parking lot. Securing his vehicle, he jumped into action. As he helped her to cross, George Schalles caught him on camera.

“I wanted to make sure she wasn’t going to fall,” Van Meter said.

So he offered to take her arm. The woman mentioned that she had recently had surgery. She was so appreciative and thanked him again, and again.

United Parcel Service (UPS) workers across northern Nevada and California are protesting outside seven different facilities Thursday to speak out against pay cuts for part-time employees.

UPS said despite making record-breaking profits last year and recently increasing prices for customers, the company cut the pay for nearly 4,000 part-time employees across the area this week.

A spokesman for the Teamsters 533 Union said the pay cuts amount up to $6 per hour for some workers living in some of the most expensive housing markets in the country.