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The package delivery giant has fallen behind its long-term guidance in 2016. Will it continue?
Most investors in United Parcel Service will be hoping for a successful holiday season after having been disappointed in the past two years. However, the company’s long-term financial targets also deserve scrutiny. In a nutshell, UPS is falling behind its five-year targets and has some catching up to do. Will it be forced to reduce its financial targets, and does it really matter?
Atlanta-based United Parcel Service Inc. rival FedEx Corp. says it will make deliveries on Christmas Day in some markets and open customer counters at FedEx Express stations after heavy storms caused delays.
Memphis, Tenn.-based FedEx said its Express employees would make deliveries on Christmas Day on a voluntary basis.
Atlanta-based United Parcel Service Inc. told The Wall Street Journal on Thursday that bad weather has not affected deliveries and that operations are running smoothly.
Mild temperatures across much of the U.S. should help Atlanta-based United Parcel Service Inc. (NYSE: UPS) heading into the final days of record Christmas delivery orders.
The busiest day for UPS and FedEx Corp. (NYSE: FDX) is Tuesday, when the company expects to deliver 36 million pieces, reports Reuters.
In addition to hiring an extra 95,000 workers to help out during the holiday season, UPS has bolstered how quickly it can marshal all the transportation equipment at its disposal, including nearly 100,000 package cars, vans, tractors, and other vehicles, as well as 237 company-owned jets and another 302 chartered aircraft. The company also works with major railroads such as BNSF, CN, CSX, CP, FEC, KCS, Union Pacific, and Norfolk Southern.
UPS has the ability to “instantaneously” change the mode of transportation it uses if bad weather shuts down a key highway or airport.
Signs Deal with Memphis Light, Gas and Water to Fuel Fleet with Renewable Fuels
UPS (NYSE:UPS) today announced it will supply its fleet in Memphis, Tenn., and Jackson, Miss., with an estimated 15 million diesel gallon gas equivalents of renewable natural gas (RNG) as part of a multi-year agreement with Memphis Light, Gas and Water and Atmos Energy Marketing, LLC.