UPS today announced the company has achieved its goal of driving 1 billion miles in its alternative fuel and advanced technology fleet one year earlier than planned, and marked more than 10 years of learning from its “Rolling Laboratory.” UPS’s long-term commitment to sustainability is transforming commercial transportation and logistics, spurring growth in the clean fuels market and powering critical engineering advances.
United Parcel Service Inc reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed its full-year earnings outlook despite global economic uncertainty.
Chief Executive David Abney told Reuters UPS is adding capacity to its network and will work more closely with retailers ahead of this year’s crucial holiday peak season.
The company had put in a solid a performance during the 2015 peak season after two years of struggling to handle holiday demand and the costs associated with it.
Categories
UPS Reports Strong 2Q Results
- Positive Momentum Continues with 2Q EPS up 6%
- International Achieves 2Q Record as Operating Profit Climbs 11%
- U.S. Domestic and International Operating Margins Expand
- Higher International Exports Driven by Express Products
- Revenue Growth Tempered by Changes in Fuel and Currency
- Affirms Full-Year 2016 EPS Guidance of $5.70 to $5.90
Atlanta-based United Parcel Service is planning a $105 million expansion at its Lexington hub.
On Thursday, the Kentucky Economic Development Finance Authority approved offering up to UPS up to $500,000 in tax incentives for the expansion.
By expanding its building and installing additional sorting automation, the UPS facility on Mercer Road would be able to sort up to 43,000 pieces per hour.
A New York federal judge on Tuesday declined to dismiss a proposed religious discrimination class action the U.S. Equal Employment Opportunity Commission brought against UPS over its appearance policy for employees but said some claims are time-barred.