United Parcel Service Inc
S&P 500 futures are small improved as traders parse most up-to-date earnings studies: Stay updates
Traders get the job done on the floor at the New York Stock Exchange (NYSE) in New York Town, U.S., January 29, 2024. Brendan Mcdermid | Reuters S&P 500 futures are near flat Monday evening as traders analyzed the most current corporate earnings with the Federal Reserve policy conference on the horizon. Futures linked to […]
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Wall Street is barreling toward a significant 7 days forward with mega-cap earnings, Fed conference in aim
Following week is shaping up to be the most significant a single of 2024 as a result much for Wall Street. Traders are headed into the thick of earnings season, with benefits on deck from the bulk of the so-named Wonderful 7 names. These firms have substantial bars to obvious as they test to justify […]
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UPS stock falls after delivery giant cuts revenue outlook
A UPS driver pulls a cart with packages while making deliveries on June 12, 2023 in San Francisco, California. Justin Sullivan | Getty Images Shares of the United Parcel Service slipped nearly 5% Thursday after the company reported a bigger-than-expected revenue decline and cut its revenue guidance for the year. UPS reported a 12.8% decrease […]
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The inside story of Dave Clark’s tumultuous last days at Flexport: Standoffs, politics, and spin
Dave Clark (L) and Ryan Petersen (R) Getty Images On Sept. 13, Flexport founder Ryan Petersen took the stage at North America’s premier supply chain conference in Phoenix. It was exactly a week after he’d forced out his hand-picked successor as CEO, ex-Amazon executive Dave Clark, so Petersen could once again run the show. Sitting […]
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UPS to hire 100,000 holiday workers with Teamsters pay bump
A UPS worker sorts packages in New York on Dec. 18th, 2017. Adam Jeffery | CNBC UPS plans to hire more than 100,000 seasonal workers again this year to support the holiday shipping rush, the company announced Tuesday in a press release. This year, though, they’ll be starting with a higher pay. As a result […]
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With flurry of FAA approvals, drones are about to fly a great deal farther around U.S. skies
A rendering of P2 Zips charging at a docking station. Zipline This 7 days, drone shipping and delivery corporation Zipline was granted Federal Aviation Administration acceptance to fly drones over and above the visual line of sight. That’s a key milestone in endeavours to lengthen the variety of the domestic drone field in excess of U.S. […]
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More companies, especially airlines, warn higher costs will eat into profits
An American Airlines 787 is loaded with cargo at Philadelphia International Airport. Leslie Josephs/CNBC More companies are warning that a surge in the cost of fuel and employee pay hikes will eat into profits this quarter. Companies from aerospace manufacturers to package delivery giant UPS are digesting big new labor deals. Meanwhile, unions from the […]
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UPS CEO sells investors on new labor contract as company sees stock slide ahead of holiday peak
UPS CEO Carol Tome introduces U.S. President Donald Trump for an event at a UPS facility at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., July 15, 2020. Jonathan Ernst | Reuters UPS CEO Carol Tome said the costs incurred by the company for the new Teamsters contract are less than the “$30 billion in […]
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Labor unions are pushing hard for double-digit raises and better hours. Many are winning
Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Michael Wayland / CNBC From writers’ rooms to car factories, workers are pressing companies for higher pay and better quality of life. Many are willing to walk off the job to get there, […]
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UPS workers approve massive new labor deal with big raises
David Paul Morris | Bloomberg | Getty Images UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday. The deal passed with 86.3% of votes, the highest contract vote in the history of Teamsters at UPS, according […]
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