ups

UPS Predicts 7.5% Jump in Holiday Shipping for 2010

As UPS gears up for its busiest time of year by hiring about 50,000 temporary workers, the world's largest package-delivery service said it expects to ship about 7.5% more packages this holiday season than it did a year ago.

As the Dollar Sinks, Prices of Essentials Soar

Intended or not, the Fed's quantitative easing policies are destroying the dollar's value. And that in turn is pushing prices of commodities that Americans need -- such as instance food, cotton and oil -- ever higher. And that hurts companies as well as consumers.

UPS to Raise Rates by 4.9% in 2011

UPS (UPS) will raise rates by 4.9 % for UPS ground packages in 2011. UPS will also raise rates by 4.9% for all air express and U.S. origin international shipments, the company said in a statement.

Are Air Cargo Costs About
to Go Sky High?

The discovery of two explosive devices found in packages on U.S.-bound cargo planes Friday raises new questions about security in the air-freight industry -- and its potential cost.

The 10 Biggest Corporate Givers to Politicians

As the mid-term election slowly draw nearer, we're taking a look at the companies whose deep pockets help keep America's political campaigns rolling along. With the help of the nonpartisan folks at the Center for Responsive Politics, we've combined a list of the top ten corporate campaign contributors, offering a look at the candidates they support, the issues that concern them, and their lobbying habits.

UPS to Hire 50,000 Workers for the Holiday Rush

UPS (UPS) will hire 50,000 seasonal employees to work over the holiday season. The company is taking on temporary staff to work in positions including package sorters and driver helpers, CNNMoney reported. They will work through the company%u2019s busy season, which covers the holiday period from Thanksgiving to Christmas.

UPS Launches Marketing Campaign to Promote Logistics Business

Package-delivery company United Parcel Service (UPS) is launching its largest ever marketing campaign to promote its logistic business to small and medium- sized companies looking to export their products. Print, TV and digital-media ads in the U.S., China, Mexico and the UK will promote UPS logistics with the slogan "We [Heart] Logistics" The Wall Street Journal reported.

UPS Easily Tops Estimates, Raises Guidance

UPS (UPS) earnings rose sharply in the second quarter to easily beat Wall Street's forecast on better-than-expected revenue growth, the world's largest package delivery company said Thursday. UPS also raised its full-year profit outlook. Like rival FedEx (FDX), UPS is considered to be a bellwether of global economic activity.

UPS Earnings Preview: Strong Profit Growth?

As the world's biggest package delivery company, UPS's (UPS) earnings will likely get extra attention for their macroeconomic implications when the company reports second-quarter results ahead of Thursday's opening bell.

Obama: The U.S.
Is on Schedule to Double Exports

The U.S. is making progress in its effort to boost exports of goods and services to other nations, according to a report released Wednesday by the White House. As a result of policies laid out by his administration, U.S. exports increased 17% during the first four months of the year compared to last year, President Barack Obama said before a gathering of government and corporate officials at the White House.

46 Cent Stamp? U.S. Postal Service Asks for Increase

The USPS has proposed a two-cent increase in the cost of first-class postage, which would push the stamp to 46 cents. If approved, the hike would be effective Jan. 2, 2011. Still, the higher rate won't fix what really ails the service.

Post Office to Announce Rate Increases as Losses Mount

The post office will today announce new mail rates in a bid to generate more revenue after posting a massive loss in 2009. Rates for first-class and other types of mail will rise, The Associated Press reported. The rate increases are subject to review by the independent Postal Regulatory Commission.

FedEx Delivers on Earnings, but Shares Fall

FedEx (FDX) earnings beat Wall Street's expectations by a penny a share as the world's second largest shipping company after UPS (UPS) enjoyed brisker business on the back of global economic recovery, but a tepid outlook hurt the stock. Market watchers key in on FedEx and UPS earnings because their worldwide shipping networks make them especially attuned to global demand.

Overnight Delivery to Europe? Not While the Volcano Is Spewing

International shipping companies are scrambling to keep their operations moving, even as volcanic ash from Iceland closes down air traffic across much of Europe. Time-sensitive documents make up a large part of international air shipments. Promises of overnight deliveries are on hold.

UPS Offers Rosy Early Peek at Profits

An increase in international shipping businesses helped drive UPS profits 37% higher during the first quarter of this year. The increase showed adjusted first quarter earnings totaled $0.71 per diluted share compared to an adjusted $0.52 in the prior-year quarter.

Retiring Boomers Will Leave a Huge Hole in the Job Market

Experts suggest that in some industries, baby boomers may soon begin retiring at a much faster rate than they can effectively be replaced, forcing companies to find ways to recruit and train new workers without hurting profitability.

FedEx Results Could Signal Economic Recovery

FedEx is expected to easily top estimates Thursday morning as it announces its third quarter results. If FedEx serves as a U.S. economic indicator, as many on wall Street believe, the company's results could signal the beginning of an economic turnaround.

Losing Money Isn't the Postal Service's Only Problem

Faced with an estimated $7 billion shortfall in 2010, the United States Postal Service is contemplating radical cuts that would eliminate Saturday mail delivery and raise the cost of postage. But to really turn the USPS's problems around, it will either need to be directly funded by the government or it needs the freedom to set its own prices, policies, and hours.

What's Really Going On With Jobs?

Entering February, a mixed picture on employment has developed: Job cuts in January reached their highest total since August, but still represent a 70% reduction from the same time a year ago, when they peaked at 241,749. What's going on?

Delta, Continental Up Baggage Fees

Delta and Continental are raising the fees they charge customers to check baggage to $25 for the first bag. The move underscores how the industry is trying to squeeze every nickle from the flying public. The winners in this trend? Package-delivery companies.