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Industry News

U.S. Postal Service Wins 6 Percent Increase to Cover Loss – Bloomberg

The U.S. Postal Service’s regulator approved price increases on most mail by 6 percent, a step the service’s board called a “last resort” forced by Congress’s failure to pass postal legislation.

A first-class stamp will cost 49 cents, up from 46 cents, starting Jan. 26. Increases will apply to most magazines, bills and advertising mail. The increases of 4.3 percent approved today are on top of increases of 1.7 percent, an amount equal to inflation, approved last month.

The increase isn’t intended to be permanent. It’s designed to boost revenue at the postal service by $1.8 billion a year to make up for revenue lost during the economic downturn in 2008 and 2009, according to the order released today by the Postal Regulatory Commission.

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UPS News

UPS Promises Relief for Customers – NBC

Since the ice storm that hit DFW two weeks ago, the United Parcel Service has been struggling with considerable delay to deliver packages to customers.

On Thursday, the company announced hundreds of new managers arrived in Dallas to keep progress moving forward.

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UPS News

UPS sends 300 managers to Dallas as packages pile up – Atlanta Business Chronicle

Atlanta-based United Parcel Service says it has sent 300 managers to Dallas/Fort Worth International Airport to address considerable delivery delays following an ice storm that two weeks ago paralyzed the area.

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UPS News

UPS’s Holiday Shipping Master: They Call Him Mr. Peak – Businessweek

Coordinating the most time-sensitive shipments during the most hectic time of year has always been a challenge for UPS, but the Internet has made Abell’s job more crucial than ever. It’s become so easy for people to shop via computers and smartphones that they frequently delay their purchases until the last minute. Mr. Peak’s job, in effect, is to fulfill the Internet’s promise of instant gratification.

If Abell can’t come up with a viable scheme, UPS is in trouble. The company expects to ship more than 132 million parcels globally during the week before Christmas alone. If it can’t find space for them all, retailers will almost surely turn to FedEx. In addition, Abell must keep a lid on costs. In the past some investors have worried that UPS is too e-commerce focused. David Vernon, an analyst for AllianceBernstein, notes that it’s usually more profitable to carry large shipments to businesses than to transport books to the cozy homes of Internet shoppers. But he says UPS is managing to turn a profit on the latter with careful planning. “I think some of those fears are starting to recede,” he says.

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UPS News

911 call released after man pulls gun on UPS driver

The 911 call placed by a United Parcel Service driver after he said an elderly man pulled a gun on him was released by authorities on Wednesday.

Listen: 911 call made by UPS driver

“I’m a UPS driver, and I’m here making a delivery,” the driver said. “He was cussing at me. He pulled up and pulled his gun out and pointed it right at me and my helper.”