UPS Freight

By Jeff Berman · May 4, 2016
At last week’s NASSTRAC Conference in Orlando, Fla., LM Group News Editor Jeff Berman caught up with Jack Holmes, president of UPS Freight, the less-than-truckload subsidiary of UPS. On June 30, Holmes will retire from UPS after a 37-year career with Big Brown that saw him rise from the overnight docks in Philadelphia to the executive suite in Richmond, Va.
By John D. Schulz · April 29, 2016
The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.
By Jeff Berman · April 28, 2016
Quarterly revenue was up 3.2 percent annually at $14.4 billion, with earnings per share up 13 percent at $1.27 for the fifth straight month of UPS growth (ahead of Wall Street expectations of $1.22 per share), as well as setting a new record for the first quarter.
By John D. Schulz · March 18, 2016
The torch is being passed at UPS Freight as a legendary trucking executive prepares to retire after a remarkable 37-year career that saw him rise from the overnight docks in Philadelphia to the executive suite in Richmond, Va.
By Jeff Berman · February 2, 2016
UPS finished 2015 in solid fashion, with strong fourth quarter earnings results. Fourth quarter revenue at $16.1 billion was up 1 percent annually, and earnings per share were up 26 percent at $1.57, marking the fourth straight month of EPS growth. For all of 2014, EPS was up 14 percent annually at $5.43, which was an all-time high. Total operating profit also set a new record, up 54.3 percent at $7.7 billion.
By Jeff Berman · June 30, 2015
LM Group News Editor Jeff Berman caught up with UPS Freight President Jack Holmes at the National Shippers Strategic Transportation Council’s (NASSTRAC) Annual Conference and Exhibition. Berman and Holmes spoke about various aspects of the less-than-truckload sector (LTL), as well as related freight transportation news and trends.
By Jeff Berman · February 3, 2015
UPS today reported today that fourth quarter revenue increased 6.1 percent to $15.895 billion, and operating profit was off 60.5 percent annually at $754 million. Earnings per share were flat at $1.25 and were in line with earnings pre-guidance it recently issued that called for earnings per share to come in at $1.25.
By Jeff Berman · November 5, 2014
LM Group News Editor Jeff Berman recently caught up with UPS Freight President Jack Holmes about a variety of topics, including pricing, market conditions, and regulations, among others.
By Patrick Burnson · March 25, 2014
$200 million investment in European logistics center poised for further trade and export growth
By Jeff Berman · March 16, 2014
UPS Freight, the less-than-truckload subsidiary of UPS, recently announced it will implement a 4.4 percent general rate increase (GRI) that will take effect on March 31.
By Jeff Berman · January 30, 2014
Fourth quarter revenue for transportation and parcel bellwether UPS headed up 2.8 percent annually to $14.9 billion, the Atlanta-based company reported today. Adjusted operating profit at $1.9 billion was down 7.3 percent, and earnings per share at $1.25 was off $0.7 from a year ago and missed Wall Street estimates of $1.43 per share.
By John D. Schulz · January 13, 2014
UPS Freight, the nation’s fourth-largest LTL carrier, has secured five years of labor pace with ratification of a new five-year labor agreement by its 13,000 Teamsters.
By John D. Schulz · January 7, 2014
UPS Freight, the nation’s fourth-largest LTL carrier, is close to securing a new five-year labor agreement with its 13,000 Teamsters in a deal that the union says will make those workers the highest-paid in the LTL sector.
By Jeff Berman · August 14, 2013
In a continued effort to improve service and maintain an efficient network through the Midwest, UPS Freight, the less-than-truckload (LTL) subsidiary of transportation and logistics bellwether UPS, opened up a second facility in Indianapolis, Ind. on Monday.
By John D. Schulz · July 18, 2013
The company was dealt an historic rebuke when the largest union contract in North America covering 235,000 full- and part-time Teamsters at UPS’s parcel division rejected 18 side agreements known as supplemental agreements. The master parcel contract was passed by a narrow 53-47 margin.

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