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Brown Cafe UPS Forum
The Latest UPS Headlines
UPS delivers profit, revenue beat on e-commerce demand
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<blockquote data-quote="tonyexpress" data-source="post: 5044143" data-attributes="member: 1940"><p><h3><a href="https://www.reuters.com/article/ups-results/update-4-ups-profit-rises-ahead-of-peak-holiday-season-idUSL4N2RM2O0" target="_blank">UPS profit rises ahead of peak holiday season</a></h3><p></p><p>In September, FedEx posted a 7% drop in quarterly profit and cut its full-year forecast after staffing shortages and turnover drove $450 million in excess labor costs and caused home delivery hiccups.</p><p></p><p>UPS appears to be benefiting from its unionized workforce, which is among the best compensated in the country. It is using technology and other tools to make its network more efficient - and during the latest quarter, direct labor hours per day declined 5.1%.</p><p></p><p>This holiday season, UPS will offer Saturday delivery across the United States and send oversized, bulky and heavy packages via Roadie - a crowd-sourced, same-day delivery company it is buying this quarter.</p></blockquote><p></p>
[QUOTE="tonyexpress, post: 5044143, member: 1940"] [HEADING=2][URL='https://www.reuters.com/article/ups-results/update-4-ups-profit-rises-ahead-of-peak-holiday-season-idUSL4N2RM2O0']UPS profit rises ahead of peak holiday season[/URL][/HEADING] In September, FedEx posted a 7% drop in quarterly profit and cut its full-year forecast after staffing shortages and turnover drove $450 million in excess labor costs and caused home delivery hiccups. UPS appears to be benefiting from its unionized workforce, which is among the best compensated in the country. It is using technology and other tools to make its network more efficient - and during the latest quarter, direct labor hours per day declined 5.1%. This holiday season, UPS will offer Saturday delivery across the United States and send oversized, bulky and heavy packages via Roadie - a crowd-sourced, same-day delivery company it is buying this quarter. [/QUOTE]
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The Latest UPS Headlines
UPS delivers profit, revenue beat on e-commerce demand
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