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The Latest UPS Headlines
UPS may hike charges for major customers for holiday package surges
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<blockquote data-quote="cheryl" data-source="post: 1434651" data-attributes="member: 1"><p><strong>UPS may hike charges for major customers for holiday package surges - Reuters</strong></p><p></p><p>United Parcel Service Inc may charge major customers more for a surge in late, unplanned packages or turn down the business if it threatens disruptions during the peak holiday season, a top executive said on Friday, trying to avoid a repeat of last year's delivery meltdown.</p><p></p><p>UPS (UPS.N) and main rival FedEx Corp (FDX.N), both considered U.S. economic bellwethers, are approaching their busiest time. Last year a last-minute surge in online consumer promotions left an estimated 2 million express packages stranded on Christmas Eve.</p><p></p><p>"If it (a late surge) creates challenges and adds costs we would charge a premium," Chief Financial Officer Kurt Kuehn told Reuters. "If it puts our service at risk, we would have to deny (the business)."</p></blockquote><p></p>
[QUOTE="cheryl, post: 1434651, member: 1"] [B]UPS may hike charges for major customers for holiday package surges - Reuters[/B] United Parcel Service Inc may charge major customers more for a surge in late, unplanned packages or turn down the business if it threatens disruptions during the peak holiday season, a top executive said on Friday, trying to avoid a repeat of last year's delivery meltdown. UPS (UPS.N) and main rival FedEx Corp (FDX.N), both considered U.S. economic bellwethers, are approaching their busiest time. Last year a last-minute surge in online consumer promotions left an estimated 2 million express packages stranded on Christmas Eve. "If it (a late surge) creates challenges and adds costs we would charge a premium," Chief Financial Officer Kurt Kuehn told Reuters. "If it puts our service at risk, we would have to deny (the business)." [/QUOTE]
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UPS may hike charges for major customers for holiday package surges
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