• UPS News for UPSers

    Published on 10-29-2013 07:05 PM
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    UPS Info for UPSers Employers Grapple With Cost of ObamaCare - Fox Business

    Employers like UPS (NYSE: UPS), grappling with ObamaCare’s implementation and its myriad requirements, are voicing concerns over the cost of complying with the new healthcare law.

    Atlanta-based UPS, which moved to cut expenses by dropping coverage for spouses of non-union employees, indicated that the costs of transitioning to ObamaCare-compliant insurance will total $100 million in expenses next year.

    On a conference call with analysts on Friday, chief financial officer Kurt Kuehn said meeting ObamaCare requirements is “an important issue, and certainly we’re eager to find solutions to it.”
    Published on 10-26-2013 10:26 AM
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    UPS Info for UPSersUPS's Record-Smashing Day - Motley Fool

    In just one day this year -- Monday, Dec. 16, to be exact -- UPS (NYSE: UPS ) expects to move a record 34 million packages through its system.

    That works out to about 1.5 million deliveries per hour, or an incredible 23,611 packages each minute.
    Published on 10-26-2013 09:52 AM
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    UPS Info for UPSers UPS CFO: Obamacare Will Deter U.S. Business - Bloomberg

    UPS CFO Kurt Kuehn discusses the company’s Q3 earnings and how the Affordable Care Act will affect businesses in America. He speaks with Trish Regan on Bloomberg Television's "Street Smart."
    Published on 10-26-2013 09:40 AM
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    UPS Info for UPSers For UPS, Only One Thing Can Stop A Record Holiday Season… - Wall Street Journal

    The concern, it turns out, isn’t consumer sentiment or competition from FedEx or government shutdowns or the economy. It’s Mother Nature. Thanksgiving is so late this year it has trimmed the shopping season by six days and one weekend. That’s made UPS more vulnerable than usual to the weather.

    “Having Thanksgiving this late takes the whole shopping period and compresses it,” says UPS chief financial officer, Kurt Kuehn. That means more last minute shopping , more shipments and “an opportunity – we’ll fully utilize our equipment,” he says, “But it creates some risks. . .like if a big storm hit Louisville.” That’s because Louisville is home to UPS’s Worldport, which it says is the largest fully automated package handling facility in the world. It currently turns over 130 aircraft and processes 1.6 million packages, on average, daily. Last year, it processed a record 4.2 million packages on its busiest day.
    Published on 10-25-2013 07:31 AM
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    UPS Info for UPSers UPS Beats Estimates on U.S. Package Volumes, Higher Rates - Bloomberg

    United Parcel Service Inc. (UPS), the world’s largest-package delivery company, posted third-quarter earnings that beat analysts’ estimates after carrying more U.S. shipments at higher rates.

    While UPS reaped less revenue from each international package, it reported a gain on that basis for domestic parcels along with an increase in U.S. volumes. UPS, considered an economic bellwether because it moves a variety of goods worldwide, projected fourth-quarter growth of 3 percent to 4 percent for daily U.S. shipments and revenue.

    “Looking to the fourth quarter, although some major retailers have expressed caution about holiday spending, they still expect robust online sales,” Chief Financial Officer Kurt Kuehn said today in the statement.

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