- Customers Recognize UPS for High Service Levels
- Cyber Monday Deliveries up 12%
- Fourth Quarter 2014 Adjusted EPS of $1.25
- Global 4Q Shipments Rise 8.1%
- Expects 2015 Pension and Currency Headwinds of $240M
- UPS Projects 2015 Earnings Per Share Growth of 6-to-12%
- Reaffirms Long-Term EPS Growth of 9-to-13%
A small package caught fire around 9:30 p.m. while on a conveyor belt at the UPS processing facility at 493 County Ave., according to Secaucus Mayor Michael Gonnelli, who is also part of the town’s volunteer Fire Department.
UPS employees had already extinguished the fire when Secaucus volunteer firefighters arrived, Gonnelli said. Company spokesman Dan Cardillo says UPS has designated first-responders who are trained in safety procedures.
The cause of the fire is still under investigation, but officials believe the contents of the package may have been a major contributing factor, Gonnelli says.
An Atlanta startup wants to do the shipping industry what Uber has done to the taxi business.
Roadie puts unused capacity in passenger vehicles to work by connecting people with stuff to send with drivers heading in the right direction. Essentially, the service allows drivers to monetize their daily commute, or vacation road-trip to Disney.
“There’s somebody going just about everywhere from everywhere all the time,” Roadie CEO Marc Gorlin said. “If you can tap that traffic, you have a larger distribution network than UPS, FedEx and USPS combined.”
Shares of United Parcel Service Inc. are down about 2 percent, to about $100.98 per share at midday Monday. That follows a sharp decline on Friday, after the company lowered its earnings guidance because its U.S. domestic shipping segment underperformed last quarter.
The company said package volume and revenue results came in as expected but higher-than-anticipated peak season expenses cut into the company’s operating profit. A couple of research firms, Barclays and Macquarie, have downgraded the stock, according to reports this morning.
Getting the latest iPad delivered to your home next holiday season may cost more if United Parcel Service Inc. imposes surge pricing akin to car-booking company Uber Technologies Inc., which hikes fares as demand soars.
UPS will “implement new pricing strategies during peak season,” David Abney, chief executive officer of the world’s biggest package delivery company said today. After hiring 95,000 seasonal workers to address demand spikes, the Atlanta-based company found it had more workers than package volume on some days during the recent shopping period.