barnyarddog
5 months ago
UPS outlines plans to close at least 200 facilities
...UPS plans to shutter certain facilities, and transform others into automated hubs.
By end of the “initial phase,” Tomé said UPS would have “400 buildings that are fully automated.”
27 March 2024
https://www.wsws.org/en/articles/2024/03/28/wfxk-m28.html
The decision by UPS executives to close 200 facilities, eliminate shifts and slash thousands of jobs must be opposed by UPS workers and the whole working class. If carried out, this jobs massacre will have devastating consequences for workers and their communities: more broken… pic.twitter.com/MVkFOO2UFc— Jerry White (@jerrywhiteSEP) March 28, 2024
56Chevy
9 months ago
UPS earnings fall as company warns of economic headwinds ahead
By Chris Isidore, CNN
Updated 8:12 AM EDT, Thu October 26, 2023
—
UPS reported sharply lower earnings in the third quarter and said it expects lower revenue and thinner profit margins ahead. But it cited a slowing global economy, not its recent labor issues, for its gloomy forecast.
[....]
UPS is something of an economic bellwether, as its trucks move an estimated 6% of US gross domestic product and 3% of global GDP, the broadest measure of economic activity.
Source:
https://www.cnn.com/2023/10/26/business/ups-earnings-fall-sees-economic-headwinds-ahead/index.html
Marker:
$154.13 2.52 (1.7%)
Volume: 1,988,406
*This report is a month old but still relevant as the trucking giants' demand for services entering their peak season have not changed.
MiamiGent
1 year ago
UPS Teamsters local unions endorse agreement with delivery giant UPS
REUTERS - 6:46 PM ET 7/31/2023
(Reuters) - The Teamsters local unions, which represent 340,000 workers at United Parcel Service ( UPS ), voted 161-1 on Monday to endorse the tentative agreement reached with the delivery giant on July 25.
The agreement, estimated to be at $30 billion by the union, provides historic wage increases, one more paid holiday and air conditioning in the company's ubiquitous brown delivery trucks.
It also eliminates a two-tier pay system and forced overtime for delivery drivers.
(con't)
MiamiGent
1 year ago
UPS labor deal could pressure delivery firm's annual outlook, say analysts
BY Aishwarya Nair, REUTERS - 7/26/2023
(Reuters) - A tentative labor deal between United Parcel Service ( UPS ) and the Teamsters union on Tuesday could pressure full-year outlook for the world's largest parcel delivery firm, according to analysts.
The five-year contract, which the head of the union claims to be worth $30 billion in new money, covers about 340,000 U.S. employees and provides wage increases, and one more paid holiday among other benefits.
(con't)
bar1080
1 year ago
UPS Quarterly Dividends
Date Dividends
May 12, 2023 1.62 Dividend
Feb 17, 2023 1.62 Dividend
Nov 10, 2022 1.52 Dividend
Aug 12, 2022 1.52 Dividend
May 13, 2022 1.52 Dividend
Feb 18, 2022 1.52 Dividend
Nov 19, 2021 1.02 Dividend
Aug 20, 2021 1.02 Dividend
May 21, 2021 1.02 Dividend
Feb 19, 2021 1.02 Dividend
Nov 12, 2020 1.01 Dividend
Aug 21, 2020 1.01 Dividend
May 22, 2020 1.01 Dividend
Feb 24, 2020 1.01 Dividend
Nov 15, 2019 0.96 Dividend
Aug 16, 2019 0.96 Dividend
May 17, 2019 0.96 Dividend
Feb 25, 2019 0.96 Dividend
Nov 16, 2018 0.91 Dividend
Aug 17, 2018 0.91 Dividend
bar1080
2 years ago
UPS raises dividend to boost implied yield above 3.6%, sets new $5 billion stock buyback program
"United Parcel Service Inc. (UPS) raised its quarterly dividend by 6.6%, to $1.62 a share from $1.52 a share, and set a new $5 billion share repurchase program. The package delivery giant’s new dividend will be payable March 10 to shareholders of record on Feb. 21. Based on Monday’s stock closing price of $176.97, the new annual dividend rate implies a dividend yield of 3.66%, which compares with rival FedEx Corp.’s (FDX) current yield of 2.50% and the implied yield for the S&P 500 (SPX) of 1.69%.
https://finance.yahoo.com/m/72c0441e-b067-3de2-a815-5e66d4356c56/ups-raises-dividend-to-boost.html
tw0122
3 years ago
UPS is a strong buy! Cutting workers wages from $19 to $15 an hour will save company millions!!
UPS cuts wages 20% for hundreds of part-time Philly workers, taking them by surprise
The teamsters union says the pay reduction was illegal.
?
Workers and labor advocates protested a UPS wage cut on Oregon Avenue
JORDAN LEVY / BILLY PENN
?
Jordan Levy
Yesterday, 10:15 a.m.
Two thousand UPS workers in the Philadelphia region have signed onto a demand to raise wages after part-time employees were hit with an unannounced pay cut.
A Thursday morning protest organized by the Teamsters 623 Local union drew about 75 workers, elected officials, and organizers to the South Philly UPS complex. The Oregon Avenue shipping center employs more than 1,350 people across customer service, drivers, and warehousing, according to a union spokesperson.
Shamar Hudson, a warehouse worker getting off his shift as the rally began, told Billy Penn there wasn’t any warning from management before his pay was slashed from $19 to $15 an hour