United Parcel Service Inc.

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To Save $1B, UPS Cuts Thousands of Jobs

Company slashes 12K workers amid higher labor costs

(Newser) - UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply at the opening bell, per the AP . The company also hinted that its Coyote truck load brokerage business may be put up for sale. The Teamsters in September voted to...

Teamsters Authorize UPS Strike on Aug. 1
Teamsters Set UPS Strike Date
Jun 16, 2023 2:18 PM CDT

Teamsters Set UPS Strike Date

Negotiations have made progress but not on pay

(Newser) - Members of the Teamsters union, which represents more than 340,000 United Parcel Service workers, have voted to authorize a strike if contract negotiations underway don't produce an agreement. The union announced Friday that 97% of those voting supported a strike to begin Aug. 1, the day after the...

Finally, a Very Cool Amenity for UPS Drivers

Company strikes tentative deal with Teamsters union to install air conditioning in delivery trucks

(Newser) - "Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds" may be the creed of US postal workers, but UPS drivers, also charged with making deliveries to Americans nationwide, just scored a victory in taking the "heat"...

Family of UPS Driver Killed in Fla. Shootout Wants Answers

Frank Ordonez and an innocent bystander died, along with 2 robbery suspects

(Newser) - As the FBI and Florida Department of Law Enforcement continue to investigate the hijacking Thursday of a UPS truck in Florida that led to four deaths in a police shootout, the family of the deceased UPS driver is speaking out. Roy Ordonez tells CNN that his brother, 27-year-old Frank Ordonez,...

UPS: We'll Keep Shipping Big-Game Trophies

Company says public opinion won't influence its policies

(Newser) - While airlines at home and abroad move to ban the shipment of big-game trophies in the wake of recent public outcry, at least one company will continue to transport the heads of lions, leopards, elephants, rhinoceros, and buffaloes: UPS. The shipping giant tells the Washington Post that it follows US...

Ad Exec Scores as UPS 'Whiteboard Guy'

Whiteboard guy prompts FedEx parody

(Newser) - He’s an ad exec by trade, but Andy Azula displays his acting chops—not to mention his drawing skills—in UPS commercials so popular a rival is spoofing them. In the ads, the long-haired Azula diagrams UPS service on a whiteboard. FedEx recently launched a website that features a...

Dow Up 70 on Mixed Earnings
 Dow Up 70 on Mixed Earnings 
MARKETS
Apr 23, 2009 3:16 PM CDT

Dow Up 70 on Mixed Earnings

Apple, eBay do well in first quarter; UPS, SunTrust banks post losses

(Newser) - Stocks gained today amid mixed earnings news, the Wall Street Journal reports. Market volatility has dropped, with neither of the past two sessions seeing any big moves. Apple, eBay, Coach and Radio Shack beat expectations, while UPS, SunTrust Banks and Fifth Third Bancorp saw losses. The Dow rose 70.49...

Slowdown Stalls Nation's Freight Carriers

Haulers are hunkering down for a 'nuclear winter' in 2009

(Newser) - With freight carriers predicting 2009 could be the worst year in three decades, some haulers  say they’re “settling in for nuclear winter,” holding off on making capital expenditures, mothballing equipment and laying off employees, reports the Wall Street Journal. From truckers to railroads to ocean shipping, companies...

UPS, FedEx Jump to Fill DHL's Holes

Big Brown targets customers with ad buy, in talks to add DHL load

(Newser) - After DHL announced yesterday it was vacating the US express-mail market, UPS and FedEx ratcheted up efforts to snare as many of the Belgium-based company’s customers as possible, the Atlanta Journal-Constitution reports. DHL handles 1.1 million shipments per day, 5% of the express and ground market in which...

DHL Will Cut 9,500 Jobs, Stop Domestic US Service

German firm shutters DHL Express service centers as its competition gets the better

(Newser) - Deutsche Post will close all of its DHL Express service centers, cut 9,500 jobs in the US, and eliminate US-only domestic shipping by land and air, the company said today, citing heavy losses and fierce competition with UPS and FedEx. The company said the new round of cuts are...

UPS Denies Big Plans for Europe Expansion

Delivery giant eyeing China, not Dutch company, exec says

(Newser) - For the second time this summer, rumors that Dutch package-delivery company TNT NV was in talks with a potential US buyer—this time UPS for $15 billion—pumped up the company’s share price, reports Bloomberg. But the rally faltered as a UPS exec shot down the reports, asking Reuters,...

Stocks Dip as Fed Meets
 Stocks Dip as Fed Meets  
MARKETS
Jun 24, 2008 3:46 PM CDT

Stocks Dip as Fed Meets

Fed inaction spurs recovery from bad economic news

(Newser) - The markets seesawed throughout today's session, closing down slightly as a minor rally in financials offset bad economic news and warnings of a poor quarter for UPS, MarketWatch reports. The Dow fell 34.93 to 11,807.43, Nasdaq dropped 17.46 to 2,368.28, and the S&P...

FedEx Reports $241M Loss on Fuel Costs, Soft Economy

Spike in costs offset 8% rise in revenue as company revises guidance down for year

(Newser) - Surging fuel costs, softening demand, and retail operation charges—including the cost of renaming its FedEx Kinko’s stores FedEx Office—sent FedEx Corp. to a fourth-quarter loss of $241 million, or 78 cents a share, compared to profits of $610 million or $1.96 a year ago, reports the...

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