UPS Reports Net Income Up 12.6% in Q1
UPS’s Q1 net income was up 12.6% to $1.02 billion, as executives said they’re making gains in revenue and profitability in its growing ecommerce business.
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UPS To Add Peak Season Surcharges, Seeking to Offset Operating Costs
UPS CEO David Abney said the company will add peak season surcharges on residential deliveries to recoup network investments and improve operating results.
UPS Hints At Higher Peak Season Pricing in 2015
As it lowered guidance on its earnings for Q4 and fiscal 2015, UPS also talked about possible adjustments to its peak season pricing later this year.
FedEx Announces 4.9% Rate Increase for 2015
FedEx announced a 4.9% increase in FedEx Ground, FedEx Express and FedEx Freight, effective January 5, doing so for the first time ahead of rival UPS.
Incoming UPS CEO Backs Trade Agreements
Incoming UPS CEO David Abney said the company has to focus on growing international economies, better use technology and keeping the focus on employees.