UPS® (NYSE:UPS) announced today that it will provide a live webcast for its Investor Conference on Nov. 13, 2014, via its Investor Relations web site. The webcast will be open to media and the public, on a listen-only basis, from approximately 9 a.m. to 2 p.m. Eastern Time (ET).
Former Chairman and CEO Mike Eskew Tenders Resignation from Board; Recognized for His 16-plus Years of Service
The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.67 per share on all outstanding Class A and Class B shares.
The dividend is payable Dec. 3, 2014, to shareowners of record on Nov. 17, 2014.
In other business, former Chairman and CEO Mike Eskew tendered his resignation from the Board of Directors, effective Dec. 31, 2014. Eskew joined the Board as a Director in 1998.
“Made in China” has become a part of American culture. Everything from iPhones and iPads to the 2012 U.S. Olympic team uniforms sport the label. Essentially, China is synonymous with “exporter” in many American minds.
But that may soon be changing. We all know China has a growing middle class, but what companies are starting to realize is that a growing middle class means a billion potential super consumers. For U.S. companies that may spell potential.
“China is the golden child of emerging markets, very fast growing middle class… and we’re certainly looking at the domestic market there as an opportunity,” said Alan Gershenhorn, chief commercial officer of UPS.
UPS reps were “horrified” recently when they watched a store’s surveillance video showing one of their drivers treating a package with little care, a store associate said.
“[The UPS driver] just basically threw the thing out the door,” Ray Martel of East Hills Instruments in Westbury, New York, told WABC-TV.
On Monday, Martel said the UPS driver — who was not the store’s “regular” guy — delivered a box to East Hills Instruments.
When the driver was told that the box needed to be returned to the sender because East Hills did not accept cash-on-delivery items, he became disgruntled, Martel said today.
- Peak Day – 34 million packages predicted for delivery Monday, Dec. 22
- Peak December – record worldwide delivery volume anticipated with more than 585 million packages, an increase of 11%
- Peak Readiness – initiatives include investments and projects for improved forecasting, capacity, visibility and communications
As the holiday shipping season approaches, UPS (NYSE: UPS) is ready to handle this year’s anticipated volume of more than 585 million packages in December – an 11 percent increase over 2013. This estimate is included in UPS 2014 earnings guidance. The anticipated 585 million packages, if set side-by-side and based on 1 cu. ft., would circle the Earth nearly 4.5 times.
UPS expects its 2014 peak delivery day to be Monday, Dec. 22, when the company plans to deliver more than 34 million packages worldwide. Six days are likely to surpass last year’s single-day delivery record of 31 million packages. By comparison, UPS delivers approximately 17 million packages on an average day.