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UPS News

Profit From the Chop in United Parcel Service, Inc. (UPS) Stock – Investor Place

UPS stock’s movement is unpredictable even if its business model isn’t

For a company with such a plain business model United Parcel Service, Inc. (NYSE:UPS) stock is very choppy. It rallied as much as 40% from the January 2016 low to the December high. It has since given back more than 10% but still is within that much of its all-time high.

Even though UPS trades in a choppy manner, it does it within predictable ranges and this makes trading its stock using options relatively easy. There I can sell risk against proven support levels and let time do the rest.

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UPS News

A fighter against the Teamsters old guard – Socialist Worker

I RECENTLY learned that Jerry Zero, the former secretary-treasurer of Teamsters Local 705, of which I was a member, died on April 4. His death was announced at the regular local membership meeting on April 23 in Chicago.

His death reminded me of the good times that I had as a member of Teamsters 705 and Jerry’s importance in the era when union reform forces had an impact on the Teamsters–but also the disappointment and anger I felt when he switched to supporting James P. Hoffa Junior after decades as a reformer.

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Industry News UPS News

FedEx awarded $2.4 billion Dept. of Defense contract – Memphis Business Journal

The five-year, indefinite-delivery/indefinite-quantity, fixed-price, next generation delivery service contract was estimated at nearly $2.4 billion. The contract is via the U.S. Transportation Command (USTRANSCOM), which is one of nine commands under the DoD Unified Command Plan.

United Parcel Service Co. (UPS) was also awarded a five-year DoD contract, estimated to be about $2.4 billion.

New York-based Polar Air Cargo Worldwide Inc. received a contract of nearly $200 million.

 

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UPS News

UPS tries a new twist on surge pricing, putting more burden on retailers – Marketwatch

Delivery giant asking retailers to help pay for extra costs when shipments miss forecasts

United Parcel Service Inc. wants to get paid for packages it never delivers.

The company is starting to ask major retailers to help pay for extra workers and surplus space on trucks when a retailer fails to ship as many packages as planned during peak periods, UPS executives say.

The new charges could also apply if a retailer’s forecast veers off course in other ways, like if the sizes of boxes shipped are significantly mismatched from what was expected.

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UPS News

UPS air maintenance workers threaten strike ahead of shareholders meeting – Reuters

A union representing 1,200 U.S. air maintenance workers at United Parcel Service Inc turned up pressure on the company on Sunday to settle a three-year contract dispute, saying it would seek clearance to strike.

The union is taking its grievances directly to UPS shareholders, running as an advertisement an open letter to David Abney, the company’s chief executive officer, ahead of a Thursday shareholders meeting.

The letter, which has been delivered to board members, was signed by nearly 78 percent of members of Local 2727 of the Teamsters union, asking the company to maintain air mechanics’ current health plan and not demand other concessions.