UPS profit falls as brutal winter raises costs

[cheryl]

UPS profit falls as brutal winter raises costs - Reuters

United Parcel Service Inc (UPS.N), the world's biggest courier company, reported a 12 percent fall in quarterly profit due to increased overtime and transport costs related to a colder-than-usual winter in the United States.

The company also warned that full-year earnings were likely to come in at the lower end of its earlier forecast, citing the "challenging" start to 2014.

UPS joins a growing list of companies, including closest rival FedEx Corp (FDX.N), that have blamed the harsh winter for weak results and a subdued outlook for 2014.

 

[pickup]

Hey Atlanta, want to cut down on the overtime?
1) Call the rail yard to find out if the expected train has actually arrived before sending 30 (working overtime already) feeder drivers to that rail yard.

Actual conversation I've had with dispatch: Me: I just spoke to people in the office at the rail yard, they said the train won't be in until 10 hours from now. Dispatcher on phone : "What do you mean , it won't there until 10 hours from now? , according to my schedule , it should be there"