• Teamsters vs. UPS Freight



    NUPSF-177-09 Article 44 – Subcontracting

  • UPS Profit Forecast for Year Tops Estimates as Shipping Demand Increases

    by
    Crossdock
    Published on January 31st, 2012 02:00 AM  Number of Views: 104  

    January 31, 2012

    UPS Profit Forecast for Year Tops Estimates as Shipping Demand Increases

    By Mary Jane Credeur and Natalie Doss

    United Parcel Service Inc. (UPS), the world’s largest package-delivery company, forecast a 2012 profit that exceeded analysts’ estimates as shipping demand increases.

    Annual earnings, excluding some items, will be in the range of $4.75 to $5 a share, the Atlanta-based company said today in a statement. That topped the average estimate of $4.78 in a Bloomberg survey of 25 analysts.

    UPS benefited from a surge in holiday shipping, carrying 480 million packages in the peak season from Thanksgiving to Christmas as its quarterly total reached 1.13 billion. UPS also raised prices and is expanding its hub in Cologne, Germany, as it takes advantage of emerging-market demand.

    continued
    Categories:
    1. UPS

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