Category: UPS News

Having underperformed the broader market and rival Fedex Corp. this year, things are beginning to look up for United Parcel Service Inc. By up, we mean the stock could rise 30% based on the $137 price target given by Bernstein analyst David Vernon, who is optimistic about the company’s recent agreement with the Teamsters labor union that he thinks will contribute to slower wage growth. While Vernon also likes FedEx, he warns that investor concerns over protectionism and tariffs are not without merit, according to Barron’s.

Turning Things Around

In recent negotiations with the Teamsters union, UPS secured a deal that would limit the number of hybrid drivers (i.e. drivers who also perform other duties) to 25% of the total amount of full-time carriers. That number is better than Vernon expected, allowing UPS to hire employees with more flexible roles and consequently gives the company greater flexibility in its cost structure. The deal also includes reductions to overtime and the cost of weekend operations, additional positive signs.

Howard County Police say that they are searching for a vehicle after a UPS driver was struck in the county, on Saturday night.

According to authorities, at 7:30 p.m., a U.P.S. driver was out of his truck delivering packages in the 2300 block of Daniels Road, when a white, older model SUV, traveling southbound entered the northbound lanes and struck him.

The SUV then fled the scene. The U.P.S. driver, 27-year-old Charles Burry of Ellicott City, was transported to the University of Maryland Shock Trauma Center in critical condition.

A Baton Rouge man who authorities say disguised himself as a UPS delivery driver in an attempt to rob a payday loan store on Coursey Boulevard is in custody.

Sheddran Kinchen, 51, 10445 Red Oak Drive, was booked into Parish Prison Thursday on a count of attempted armed robbery. His bond was set at $50,000.

According to his arrest report, Kinchen _ wearing a UPS uniform, a hat and a wig _ carried a brown box to the Check Into Cash store in the 10000 block of Coursey Boulevard in the late afternoon of June 19. After getting inside, he pulled out a semi-automatic handgun and demanded that a store employee open the safe. When told that the safe was on a timer and couldn’t be opened until the next morning, the would-be robber ran away on foot, according to the report.

An 8-year-old girl on a bicycle was hit and killed by a UPS truck near the intersection of Apache Rose Drive and Box Canyon Drive in Double Diamond on Tuesday afternoon, according to Reno Police.

Sergeant Joe Lever said Reno Police are still investigating, but they believe the girl was riding on the sidewalk and was hit by the truck after she left the curb.

Lever also said it did not appear as though she was wearing a helmet.