Category: UPS News

Shares of United Parcel Service Inc. are down about 2 percent, to about $100.98 per share at midday Monday. That follows a sharp decline on Friday, after the company lowered its earnings guidance because its U.S. domestic shipping segment underperformed last quarter.

The company said package volume and revenue results came in as expected but higher-than-anticipated peak season expenses cut into the company’s operating profit. A couple of research firms, Barclays and Macquarie, have downgraded the stock, according to reports this morning.

Getting the latest iPad delivered to your home next holiday season may cost more if United Parcel Service Inc. imposes surge pricing akin to car-booking company Uber Technologies Inc., which hikes fares as demand soars.

UPS will “implement new pricing strategies during peak season,” David Abney, chief executive officer of the world’s biggest package delivery company said today. After hiring 95,000 seasonal workers to address demand spikes, the Atlanta-based company found it had more workers than package volume on some days during the recent shopping period.

Three Brainerd United Parcel Service (UPS) delivery trucks were damaged by smoke and fire just before midnight Wednesday.

Nineteen firefighters responded to the call and a firefighter stayed on scene until 10:30 a.m. Thursday to secure the scene.

Brainerd Fire Chief Kevin Stunek could not comment on any of the details of the incident, but said the Minnesota state fire marshal, along with the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) are investigating.

A UPS truck with packages bound for Massachusetts crashed in Pennsylvania Friday, scattering them across a highway.

WNEP reported that a car lost control on an on-ramp on Interstate 80 near Milton and crashed into the UPS truck.

The truck then went out of control and crashed, scattering around 1,000 packages over a bridge and onto railroad tracks below.