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Higher Costs Driven by Surge in Shipments and Weather; FY2013 Adjusted EPS $4.57, Below Guidance of $4.65 to $4.85; Anticipates 2014 EPS Growth of 10-to-15%
UPS (NYSE: UPS) today announced that it anticipates fourth quarter 2013 diluted earnings per share of $1.25. Full-year 2013 adjusted diluted earnings per share are expected to be $4.57, below the previously provided guidance of $4.65 to $4.85.
On a reported basis, 2013 diluted earnings are expected to be $4.61 per share.
U.S. Department of Commerce and UPS work together to help U.S. companies increase their exports and grow their business
UPS® (NYSE: UPS), a global logistics provider and leading advocate for trade liberalization, applauds the introduction of the Department of Commerce-led initiative to increase trade with Mexico and the 10 other Latin American economies with which the U.S. has free trade agreements.
A federal judge last week ruled four former United Parcel Service employees couldn’t move forward with a wrongful termination lawsuit stemming from a series of stink bombs set off at the UPS depot near the Philadelphia International Airport.
“The Philadelphia airport has doubtless been the site of many indignities,” U.S. District Judge Felipe Restrepo wrote Thursday in a memorandum accompanying his order that dismissed the suit against UPS. “Travelers who battled security lines and boarding mobs in 2006 and 2007, though, likely remained oblivious to a different plague of that time: a rash of ‘stink bombs’ released at the UPS airport facility.”
Offers Small Business Tips, Advice and a “Speed Dating” – Style Mentoring Event
Underscoring its commitment to supporting small businesses and startups, The UPS Store® has put its own spin on National Mentoring Month, focusing on the importance of mentoring for small business owners. With support from SCORE, a nonprofit association dedicated to small business education and mentorship, the company will offer tips and guidance to its small business customers about how to find, and benefit from a small business mentor.
Amazon has stated it is currently reviewing the performance of delivery companies. The company seems quite ready to take shipping matters into its own hands, as became clear from CEO Jeff Bezos’ plans to use drones at some point in the future. According to Amazon, the company passed on all the deliveries to the shippers on time. Declining to give exact figures on how many customers were affected, Amazon stated that only a small percentage of shoppers faced delays.The online retail titan has plenty of cash to throw at the venture of developing its own delivery service, and the backlash it faced as a result of the Christmas delays could serve to expedite the development of these options. If major online retailers such as Amazon decide to launch their own delivery services, shippers like UPS and FedEx could potentially find themselves in a lot of trouble.