Q4-2019 UPS Inc. Earnings Call

Q4-2019 UPS Inc. Earnings Call Revenue for 4th Quarter increased 3.6% to $20.6 Billion. Total Operating Profit grew 6.4% with growth in all segments. U.S Daily Volume was up more than 7.5% to over 26.6 million packages. US Domestic Segment HIGHLIGHTS: Total volume across all products grew nearly 9%....

FedEx Reports FY2Q Earnings

FedEx Reports FY2Q Earnings On Tuesday, December 17, 2019, FedEx released its earnings for 2Q 2020, and the results were dismal. The company reported $17.3 billion in revenue, down from the $17.8 billion posted in the year-before quarter. Net income was $560 million, down 40% from $935 million in the 2019...

UPS Announces 2020 General Rate Increases

UPS Announces 2020 General Rate Increases UPS announced their increases for 2020. The increase becomes effective December 29, 2019.  For reference, FedEx’s increase is effective January 6, 2020.UPS matched FedEx with an average increase of 4.9%.  This does not include surcharges. The following changes will become effective December 29, 2019: The...

TFM Announces Acquisition of National Traffic Service Inc.

    Target Freight Management Announces Acquisition of National Traffic Service Inc. PITTSBURGH, PA – October 28, 2019 – Target Freight Management, Inc. (TFM), announced today its acquisition of National Traffic Service Incorporated (NTS), a freight auditing and payment service. The acquisition will better serve the end-to-end logistical needs of TFM’s less-than-truckload, full truckload,...

UPS Q3 Earnings 2019

Q3-2019 UPS Inc. Earnings Call Revenue for 2nd Quarter rose 5% to $18.3 billion. Total Operating Profit grew 23% with growth in all segments. Net Income was $1.75 Billion. Operating Margin increased 170 basis points to 8.17%. U.S Daily Volume was up more than 9%.   US Domestic Segment Highlights: Next...