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Industry News UPS News

Parcel carriers shone during peak delivery period, firm’s data shows – Freight Waves

The nation’s three major parcel delivery carriers posted stellar peak-season performances, aided by perhaps the strongest collaborative effort from their customers since e-commerce became a staple of holiday shopping and shipping, according to data from ShipMatrix, a unit of consultancy SJ Consulting.

UPS Inc. showed the strongest year-over-year improvement, with on-time deliveries for the six-week period rising to 98.5 percent from 95.3 percent, according to ShipMatrix data. Given that UPS had projected a record average of 31 million daily deliveries, a 3 percentage point gain to near-flawless levels was “huge” and “took a lot of effort,” said Satish Jindel, head of SJ and Ship Matrix. “It is much easier to go from, say, 82 to 85 percent than from 95 to 98 percent,” Jindel said in an e-mail late Friday.

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UPS News

UPS Driver Who Caused Route 28 Chain Reaction Crash That Injured 3 People Found To Be DUI, In Possession of Open Container, Marijuana – KDKA

The driver of a UPS truck is accused of causing a chain reaction crash during rush hour on Route 28 Friday evening, sending three people to the hospital.
The 27-year-old UPS Driver was found to be driving under the influence and in possession of an open container as well as possessing marijuana, according to state police.
The UPS driver allegedly slammed into the wreckage from the first collision. State police say three vehicles were involved in that crash.
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UPS News

Klinski: Part-time job at UPS was rewarding but insanely difficult – Argus Leader

I couldn’t help but laugh as I snapped the photo on my final day of my seasonal part-time job. I had just started my shift in a sea of brown boxes when the red graffiti caught my eye: “This job is (expletive),” it said.

For the past seven weeks, I’ve worked as a package handler for UPS to save some extra cash and pay off some bills. Dave Ramsey would be proud.

It’s been quite the change of pace for me, as I’m normally stuck at a desk at my day job at the Argus Leader as a digital news editor.

I can honestly say I’ve never worked as hard in my life than I have at UPS — at least physically. I also haven’t been in as good of shape. As an Amazon Prime member, I’ve had hundreds of packages delivered to my door over the past few years, and the journey those packages take rarely has crossed my mind. But now I can’t help but appreciate the people who help make it happen.

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UPS News

Is Warren Buffett Right to Be Holding UPS? – Motley Fool

According to Berkshire Hathaway‘s latest quarterly SEC filing, Warren Buffet’s investment vehicle is holding nearly 60 thousand shares in United Parcel Service. While it’s one of his smaller holdings, the investment guru is known for only taking positions in companies he’s willing to hold for the long term because he believes in their core value. That said, let’s take a look at the investment case for UPS and see whether it’s a Buffet-like stock or not.

Why UPS is a Buffett stock
Given Buffett’s preference for long-term investments with sustainable cash flow streams, UPS appears to immediately fit the bill. Alongside FedEx and Deutsche Post‘s DHL, UPS is one of the dominant forces in express and courier service. Throw in the long-term growth opportunity from burgeoning e-commerce demand and UPS looks well set to generate a steady flow of earnings and cash flow for years to come.

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Industry News UPS News

FedEx and UPS Should Hold Their Christmas Lows – Investopedia

Package delivery giants FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) ended 2018 deep in bear market territory, but both are 8.1% above their Christmas lows of $150.94 and $89.89, respectively. Both set all-time intraday highs in January 2018, and FedEx is 40.6% below its all-time high of $274.66 set on Jan. 18, 2018, while UPS is 28.3% below its all-time high of $135.53 set on Jan. 19, 2018.

Both delivery benchmarks have been hurt by competition from the U.S. Postal Service and by planned air freight service offerings from Amazon.com, Inc.’s (AMZN) Amazon Air. In addition, there are economic challenges from a European slowdown and Brexit.