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UPS News

UPS Profit Margins Under Pressure – FX Empire

United Parcel Service Inc. (UPS) reports Q1 2022 results in Tuesday’s pre-market session, with analysts looking for a profit of $2.88 per-share on $23.8 billion in revenue. If met, earnings-per-share (EPS) will mark a modest improvement compared to the $2.77 booked in the same quarter last year. Rival FedEx Corp. (FDX) fell 4.0% in March after missing fiscal Q3 earnings estimates and reaffirming guidance, generating a cautious tone ahead of the news.

Freight and Fuel Pressuring Margins

The stock fell ten sessions in a row at the start of April, signaling a major shareholder exodus, ahead of this week’s closely-watched confessional. A Bank of America downgrade after the seventh day added insult to injury, dumping price to the lowest low since October. Slumping freight prices explain most of the downside, with additional capacity putting pressure on profit margins, further aggravated by fuel costs hitting their highest highs in more than a decade.

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UPS News

Is a Surprise Coming for United Parcel Service (UPS) This Earnings Season? – NASDAQ

Investors are always looking for stocks that are poised to beat at earnings season and United Parcel Service, Inc. UPS may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.

That is because United Parcel Service is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for UPS in this report.

In fact, the Most Accurate Estimate for the current quarter is currently at $2.93 per share for UPS, compared to a broader Zacks Consensus Estimate of $2.87 per share. This suggests that analysts have very recently bumped up their estimates for UPS, giving the stock a Zacks Earnings ESP of +1.92% heading into earnings season.

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UPS Press Release

UPS is electrifying its Chinese fleet – UPS

Challenge accepted: Larry Wei started out with just two electric vehicles (EVs) in 2017. He’s an UPS automotive fleet manager who, with his team, was asked to bring electric vehicles to UPS’s China operations.

“We’ve been ahead of the game in rolling out electric vehicles in Asia, but it also meant that we needed to learn on the job,” Larry said. “A lot of research, testing and evaluation were required.” The team also took safety and compliance into consideration when setting up the charging infrastructure.

Electrifying the fleet: Today, nearly all of UPS’s delivery fleet in the downtown areas of Beijing and Xi’an are fully electrified.

After five years, Larry and the team have expanded the fleet to more cities including Beijing, Shenzhen and Guangzhou.

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UPS News

Partnership for a Better Tomorrow – Arbor Day Foundation

The Arbor Day Foundation and UPS have partnered for the past 10 years on the UPS Employee Forest Program. As a member of the Arbor Day Foundation Evergreen Alliance — an elite group of leaders in innovation, discovery, and action around forestry efforts worldwide — UPS has created an exemplary program with a lasting contribution to worldwide reforestation efforts. In addition, their work connecting employees through the Employee Forest program has given team members hands-on experience in planting the future.

As UPS grows their work and their partnership with the Arbor Day Foundation in new ways, we celebrate their achievements and look forward to working with UPS on their goal of planting 50 million trees by 2030.

2021 marks the UPS Foundation’s 70th anniversary. In celebration, it’s kicking off a new matching program to engage employees in its global commitment to sustainability.

From now until Arbor Day, April 29, UPS will match every dollar donated through the link below. That means $1 plants one tree in a forest in need.

Thank you for coming together and making a lasting difference for our planet.

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UPS News

UPS chief to speak at Berry College commencement – Rome News Tribune

UPS CEO Carol B. Tomé is the featured speaker for the Berry College Commencement May 7.

Before joining UPS in 2019, Tomé served as executive vice president and chief financial officer of The Home Depot, Inc., one of the world’s largest retailers. She joined The Home Depot in 1995 as vice president and treasurer. Tomé began her career as a commercial lender with United Bank of Denver (now Wells Fargo) and then spent several years as director of banking for Johns-Mansville Corporation. She was also vice president and treasurer of Riverwood International Corporation.