united parcel service-cl b (UPS) Key Developments
UPS Provides Earnings Guidance for the Fourth Quarter of 2014 and for the Year 2015; Revises Earnings Guidance for the Year 2014
Jan 23 15
UPS announced that it anticipates fourth quarter 2014 adjusted diluted earnings per share of approximately $1.25.
Full-year 2014 the company’s adjusted diluted earnings per share is expected to be $4.75, up 3.9% over 2013 adjusted diluted earnings per share of $4.57. On a GAAP basis, full-year 2014 diluted earnings are expected to be approximately $3.28 per share, compared to $4.61 in 2013. Company earnings for 2014 were lower than previous guidance, primarily due to the underperformance of the U.S. Domestic segment. While package volume and revenue results were in line with expectations, operating profit was negatively impacted by higher than expected peak-related expenses.
The company now anticipates 2015 diluted earnings per share growth to be slightly less than its long-term target of 9%-to-13%.
United Parcel Service, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014
Jan 23 15
United Parcel Service, Inc. provided earnings guidance for the fourth quarter and full year of 2014. For the quarter, the company anticipates adjusted diluted earnings per share of approximately $1.25.
Full-year 2014 adjusted diluted earnings per share is expected to be $4.75, up 3.9% over 2013 adjusted diluted earnings per share of $4.57. On a GAAP basis, full-year 2014 diluted earnings are expected to be approximately $3.28 per share, compared to $4.61 in 2013.
Corboy & Demetrio Files Lawsuit Against United Parcel Service, Inc. for Evanston Woman Crushed by Truck
Jan 15 15
Corboy & Demetrio filed a negligence lawsuit against United Parcel Service on behalf of an Evanston woman who was struck by a UPS truck and crushed under its full weight for 30 minutes until firefighters freed her. Erin Hinner was crossing Ashland Avenue in the crosswalk at Central Street on Dec. 22, 2014, when she was hit by the UPS truck. Corboy & Demetrio also filed an Emergency Motion for a Protective Order to preserve evidence in the case. The UPS truck rolled over her and pinned her body under its axle. Hinner, was rushed to the hospital in critical condition and was put in a drug-induced coma to help save her life. The lawsuit also names UPS driver Gabriel Garcia as a defendant, alleging he was negligent, in part, by failing to stop and yield to a pedestrian within the right-of-way.
Poczta Reportedly In Talks For K Ex And Nokaut
Jan 15 15
Poczta Polska Spolka Akcyjna ul. is mulling the acquisition of K-EX Sp. z o.o. from Kolporter Holding Sp. z o.o., Puls Biznesu informed. The value of K Ex has been estimated at PLN 50 million. United Parcel Service, Inc. (NYSE:UPS) and TNT Express N.V. (ENXTAM:TNTE) are also taking part in negotiations. Poczta Polska is also reportedly interested in Grupa Nokaut Spolka Akcyjna (WSE:NOK).
UPS Expands Three European Contract Logistics Facilities
Jan 14 15
UPS announced three international facility expansions driven by growing demand from retail and high-tech customers. The moves add nearly 220,000 sq. ft. (about 20,000 sqm) to UPS's global supply chain network. The newly expanded facilities are located in Krefeld, Germany; Butzbach (near Frankfurt am Main), Germany; and Venlo, Netherlands.