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UPS News

UPS profit hurt by severe weather, issues disappointing outlook for second quarter; shares sink – Reuters

United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% percent in early trading.

Despite the rough start to the year, the world’s biggest package delivery company stuck by its forecast for 2019 earnings of $7.45 to $7.75 per share. That raises the pressure for Atlanta-based UPS, which is spending billions of dollars to modernize its network, to meet its targets during this year’s key winter holiday season.

“There is pressure on management to execute at a high level during the peak,” Cowen and Co. analyst Helane Becker said in a client note.

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UPS Press Release

UPS Announces First Quarter Earnings

Transformation Improves Efficiency and Revenue Quality

  • 1Q19 EPS of $1.28; 1Q19 Adjusted^ EPS of $1.39
  • Weather Lowered U.S. Profit by about $80M or $0.07 EPS
  • U.S. Daily Air Volume Rose Nearly 8%; Growth Across All Products
  • U.S. Revenue Yields Up, Led by Ground Products
  • Supply Chain and Freight Operating Profit Up Nearly 18%; Adjusted Operating Profit Increased More Than 24%
  • International Operating Margin of 15.3%; Adjusted Operating Margin of 17.7%
  • Cash from Operations of $2.3B; Free Cash Flow about $760M
  • UPS reaffirms adjusted diluted EPS in the range of $7.45 to $7.75
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UPS Press Release

The UPS Foundation Supports Ghana’s Launch Of The World’s Largest Vaccine Drone Delivery Network

With support from The UPS Foundation, Gavi, and other partners, Zipline drones will serve up to 2,000 health facilities and 12 million people in Ghana.

The UPS Foundation, which leads the global citizenship programs for UPS (NYSE: UPS), and Gavi, the Vaccine Alliance, have announced support for the expansion of a medical drone network into Ghana. Zipline, a California-based automated logistics company, will use drones to make on-demand, emergency deliveries of 148 high priority products including emergency and routine vaccines, blood products and life-saving medications. The service will operate 24 hours a day, seven days a week, from four distribution centers—each equipped with 30 drones—and deliver to over 2,000 health facilities serving 12 million people across the country.

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UPS News

Is UPS Finally Getting It? Top Exec Offers Some Evidence – Streetsblog

Earlier this month, Thomas Madrecki, the director of Urban Innovation and Mobility for UPS, published an op-ed in Coord that called for “safer, less congested and more livable streets.” But the piece was definitely not a stinging rebuke of his own company, whose drivers block bike lanes, park illegally and double-park all over the city. So Streetsblog Editor Gersh Kuntzman reached out to the D.C.-based Madrecki to fill in the yawning gap between his piece and reality. Here is a transcript of that interview, edited only for length and clarity.

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UPS Press Release

The UPS Store, Inc. Seeks Ultimate Small Business Owners With A National Business Competition

Small Biz Owners to compete for up to $25,000 to help grow their business

The UPS Store, Inc. is inviting entrepreneurs and small business owners from across the country to enter the Small Biz Challenge, a contest that is offering eligible small business owners a chance to win up to $25,000 and an editorial feature in Inc. Magazine.

The UPS Store® network, with over 4,800 independently owned and operated franchise locations across the United States, understands that starting and growing a business is hard work.  In an effort to help small businesses thrive, The UPS Store, Inc. is on the hunt for small business owners who think they have what it takes to compete in a live business challenge competition where their business skills will be tested.  We are searching for the most quick-witted, well-rounded small business owners who can handle absolutely any thing that comes their way.