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UPS says it is increasing its quarterly dividend by 8 percent as a result the shipping company’s improved cash flow.
The Atlanta-based company said late Thursday that it will pay a dividend of 67 cents per share March 11 to shareholders of record as of Feb. 24. That’s up from its most recent dividend of 62 cents per share.
The driver said bullets started whizzing by as at least one person opened fire into a passing car, so he backed his truck up, jumped up and ran for cover.
By the time police had arrived, the truck had been ransacked, missing two packages, a cell phone, and the driver’s backpack.
For United Parcel Service (UPS), on-time availability is the most important metric when it comes to measuring rail performance.
Instead of tracking a train’s arrival time at a yard near a UPS sorting facility, the metric determines if the world’s largest parcel delivery company is provided loads as promised to sort packages on schedule at hubs within its integrated network. UPS taps service from all the Class Is and several other railroads in the United States, and each is assigned an availability goal of 95 percent.
“On-time availability is the be all, end all for us. Overall, it’s how we look at impacts on our whole network,” says Ken Buenker, UPS’ vice president of corporate transportation services, who’s responsible for rail transportation company-wide.
UPS earned $1.2 billion in the fourth-quarter but a last-minute surge in holiday shipments drove up costs and hurt results.
UPS was undone in December by a big increase in online shopping and a crush of last-minute orders by shoppers who jumped on offers of free shipping until the final days before Christmas. An unusually late Thanksgiving added to UPS’ challenge by shrinking the traditional shopping-and-shipping season by several days.
District Attorney Robert Johnson’s office says it’s looking into the claims in Mohanie Sukhu’s lawsuit. She alleges that when she was summoned last summer to UPS loss prevention manager James Jiggets’ office, he forced her to perform oral sex on him and then attempted to remove her pants to have sex with her