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Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.
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Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.
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Depending on how you look at it, parcel and trucking giant UPS either saw its fourth quarter profit fall a little or a lot compared to a year earlier, thanks to expenses incurred avoiding the previous year's holiday delivery delays.
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Higher package volume and growth in distribution and UPS Freight business led UPS Inc. to an upswing in third-quarter earnings compared to a year ago.
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They will increase an average of 4.9% for UPS Freight along with the company’s ground, air and international operations for shipments within and between the U.S., Canada and Puerto Rico.
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CORRECTED -- UPS Freight is expanding its Density-Based Rating (also known as dimensional weight pricing) pricing option to all its customers.
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Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.
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The Teamsters Union has rolled over on the desires of some of its members, overriding earlier votes that continued to delay a new national contract with parcel carrier UPS.
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Parcel delivery and trucking giant UPS has reported a lower first quarter profit despite higher revenue, while another major less-than-truckload player hit a record.
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UPS Freight will implement a general rate increase effective March 31. The 4.4% increase applies to non-contractual less-than-truckload shipments rated on the current UPS Freight tariffs.
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