Severe Winter Cuts UPS Earnings; Package Unit Hurt Most by Storms
UPS Inc. last week said its first-quarter net income fell 12%, as higher costs triggered by bad winter weather cut companywide profitability by $200 million.
April 28, 2014UPS Reports Lower 1Q, Citing Bad Weather, Higher Expenses
UPS Inc. reported lower first-quarter income from a year ago, citing severe weather and higher expenses.
April 24, 2014UPS Expands Capacity at Three North American Facilities
UPS Inc. said it has expanded capacity at facilities in Calgary, Alberta; Hebron, Ky.; and Mira Loma, Calif., driven by demand in the retail, manufacturing and health-care industries.
April 14, 2014Louisville Teamsters Reject Side Deal to UPS Pact
Teamsters at UPS Inc.’s Louisville air hub rejected a side agreement proposal by a wide margin as roadblocks still remain to full implementation of the nation’s largest transport labor contract.
UPS Opens Sorting Facility at Mexican Border
UPS Inc. said it has opened a new package sorting and delivery facility in Laredo, Texas, on the border with Mexico, to double the site’s previous capacity.
March 19, 2014UPS Freight to Raise Rates 4.4%
UPS Freight said it will raise its rates on average 4.4% for less-than-truckload shipments, effective March 31.
March 14, 2014UPS to Buy 1,000 Propane-Fueled Trucks
UPS Inc. said it is planning to purchase 1,000 propane-fueled delivery trucks and install 50 fueling stations at its facilities, representing a $70 million investment.
March 6, 2014UPS Acquires UK Health-Care Logistics Firm
UPS Inc. said it has acquired Polar Speed, a U.K.-based health-care logistics company. Terms were not disclosed.
February 11, 2014UPS to Bolster Package Network as Holiday Surge Hurts Earnings
UPS Inc. last week outlined new steps to strengthen its domestic package network this year in the wake of an 8.5% decline in profit triggered by an unexpected late surge of holiday shipments.
February 3, 2014UPS’ 4Q Profit Rises
UPS Inc. said its net income rose in the fourth quarter compared with a year earlier, but fell on an adjusted basis due to unexpected volume and inclement weather.
January 30, 2014