New Pricing Addresses Industry Trend, Promotes Packaging Efficiency and Environmental Responsibility
UPS® (NYSE:UPS) today announced that, beginning December 29, 2014, in the United States, dimensional weight will be utilized to calculate the billable weight of a shipment on all UPS® Ground services and UPS® Standard to Canada packages. UPS already applies this method for UPS air services (domestic and international), UPS Standard™ to Mexico ground services and for UPS® Ground packages and UPS® Standard to Canada packages measuring 3 cubic feet in size or larger. Continue reading UPS follows FedEx, introduces dimensional pricing
Two hundred fifty employees of the United Parcel Service (UPS) walked off the job for 90 minutes in February to protest the firing of one of their coworkers, Jairo Reyes. Reyes had driven for the company for over 20 years, and they felt his firing (which occurred after a complicated saga over the hours that senior UPS workers could hold) was unfair.
This week, all of those employees were given a pink slip, New York Daily News reports. “They just called me in … (and) said, ‘Effective immediately, you are no longer on the payroll,'” one UPS employee told the outlet.
Read more: UPS Fires 250 Drivers After They Protested A Coworker's Firing | ThinkProgress.
Atlanta, January 30, 2014
- Global Deliveries in December Climb 20%
- Higher U.S. Costs Driven by Surge in Shipments and Inclement Weather
- E-commerce Pushes Quarterly Volume up 6.0% Worldwide
- International Export Volume Up 9.5% per Day on Strong Europe Growth
- 2013: $6.1 Billion in Shareowner Distributions; $5.3 Billion in Free Cash Flow
- $500 Million of Increased Investments in Capacity Expansion
- Announces Full-Year 2014 EPS Guidance of $5.05 to $5.30
UPS (NYSE: UPS) today released details regarding fourth quarter 2013 results. Diluted earnings per share totaled $1.25, a $0.07 decline from 2012 fourth quarter adjusted results. Average daily package volume increased 6.0%, as total deliveries in December surged 20%. Significantly higher than predicted volume and inclement weather contributed to excess operating costs in the U.S., negatively affecting results. Continue reading UPS Releases 4Q Results
UPS continues to have labor problems- yesterday Teamsters in Western Pennsylvania rejected their local contract supplement by 3-1, according to Teamsters for a Democratic Union:
January 24, 2014: In votes counted today, Western Pennsylvania UPS Teamsters have again overwhelmingly rejected their contract supplement by a 3-1 margin. Ken Hall and the IBT tried to bully the members by saying they will never bargain anything better, but determined rank and file Teamsters are sticking together in solidarity.
The local-by-local count is available here.
Members are angry over reduced health care benefits through TeamCare, and to inadequate changes in the Western Pa Supplement.
Western Pa joins Philadelphia and Ohio in notching a second rejection of a supplement rider. Also still outstanding are other rejected riders in Indiana Local 135 and the big Louisville Air Rider. Illinois Local 710 and 705 separate contracts are also unratified. Local 705 bargainaing has barely started.
Read more: Western Pennsylvania UPSers Say No!
UPS may have ruined Christmas for many of its customers by failing to deliver Christmas presents on time, but analysts expect the company to make adjustments in its operations to avoid a recurrence. While some of the changes will involve better planning and operational adjustments, the company may also decide to charge more for shipping last minute Christmas orders. That’s the view of Benjamin Hartford, an analyst with Baird Equity Research, as reported by the Atlanta Journal Constitution:
Hartford also expects UPS to… look at changing the way it prices shipping during peak periods in a way that could cost procrastinating shoppers more.
The goal, Hartford said, would be to smooth out orders in the days and weeks leading up to Christmas….
The way to do that is to charge more for late orders during peak periods like the holidays, to incentivize customers to place their orders earlier.
Read more: UPS expected to recover from holiday snafu | www.ajc.com.