Kurt Kuehn, chief financial officer at United Parcel Service, Inc., says the use of drones by the package delivery company is “a long way off.” Kuehn talks with Bloomberg’s Pimm Fox and Carol Massar on Bloomberg Radio’s “Taking Stock” on July 30th. Rhonda Clark, chief sustainability officer at UPS also participated in the discussion.
UPS (NYSE: UPS) today released its 12th annual Sustainability Report announcing that in addition to reducing overall carbon emissions in 2013, the company also met its 2016 goal of reducing its air and ground fleet’s carbon intensity by 10 percent three years early. Thus, the company has set a new goal to achieve a 20 percent reduction in carbon intensity from transportation by 2020.
The 2013 report documents UPS’s ongoing efforts to increase sustainability through its “Committed to More” approach. Noting that sustainability is often discussed in terms of doing less, UPS is committed to efficiently providing more – for customers, the environment, and communities around the world. The report also highlights the continued achievement of the company’s greenhouse gas (GHG) reduction goals, as well as the measureable impact of its humanitarian initiatives.
The National Bar Association (NBA) presented the 2014 Maynard H. Jackson Jr. Legacy award to UPS® (NYSE: UPS) in recognition of the company’s community leadership efforts.
According to the National Bar Association, the Jackson Award is given to an honoree for “empowering the future and providing leadership of our communities as did the late Honorable Maynard H. Jackson Jr.”
The award was presented on Monday, July 28, during the NBA’s 89th annual convention in Atlanta. Teri McClure, chief legal, compliance and communications officer, accepted the award on behalf of UPS.
- U.S. Domestic Daily Packages Increased 7.4%
- International Export Shipments Climb 9.1% per Day
- Supply Chain and Freight Segment Operating Profit Grows 11%
- Full-Year Adjusted EPS Guidance Lowered to a Range of $4.90 to $5.00
- Increases 2014 Expenditures for Capacity and Peak Projects to $175M
- Recognizes Charge to Move Teamsters to Defined Contribution Healthcare Plans
PS (NYSE: UPS) today announced adjusted diluted earnings per share of $1.21 for the second quarter of 2014, a 7.1% improvement over the prior year period. E-commerce shipping in the U.S. and strong International Export growth contributed to a 7.2% increase in global package shipments.
As previously announced, the company completed the transfer of post-retirement liabilities for certain Teamster employees to defined contribution healthcare plans and recorded an after-tax charge of $665 million. On a reported basis, including this charge, second quarter diluted earnings per share decreased 57% to $0.49.
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.