UPS Inc. reported its profit skyrocketed in the fourth quarter of the year, totaling $1.33 billion compared to $453 million a year earlier as the company also beat an earnings forecast. USA Truck and Ryder also saw higher profits.
Trucking and parcel delivery giant UPS reported a huge increase in its second quarter profit – 170% – despite a slight drop in revenue.
Profit for package delivery and trucking giant UPS Inc. increased 12.6% in the first quarter from the same time in 2014.
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.
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.
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.
CORRECTED -- UPS Freight is expanding its Density-Based Rating (also known as dimensional weight pricing) pricing option to all its customers.
Profit for package delivery and trucking giant UPS tumbled in the second quarter due to retirement liabilities for some union employees.
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.
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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