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United Parcel Service: Company
built 289 days ago
In what is hailed as a boost for the economy of the Greater Philadelphia area, the United Parcel Service is planning to build a new eastern regional hub for package sorting on Hog Island here. The company announced Monday that it would build a $127 million, million-square-foot processing plant on 200-acres of riverfront land adjacent to the Philadelphia International Airport. The plant should be completed by April 1988 and is expected to provide up to 2,700 new jobs.
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United Parcel Service announced that for the first quarter of 2008, it expects earnings per share (EPS) to be within the range of $0.94-$0.98. For fiscal 2008, the Company expects EPS to be between $4.30 and $4.50. According to Reuters Estimates, analysts were expecting the Company to report non-GAAP EPS of $0.99 for the first quarter of 2008 and $4.45 for fiscal 2008.
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The 20-year battle that the United Parcel Service has waged to provide the same delivery service between points in Texas that it offers elsewhere may be nearing an end. The Texas Railroad Commission, which for years held it had no jurisdiction in the matter, has opened the way for the parcel company to begin intrastate operations.
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United Parcel Service announced that for fiscal 2007, it expects adjusted diluted earnings per share (EPS) to be between $4.13-$4.19, within the range it has provided at the beginning of 2007. According to Reuters Estimates, analysts on average are expecting the Company to report non-GAAP EPS of $4.15 in the same period.
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On July 24, 2007, United Parcel Service, Inc. issued a press release containing information about the Company's results of operations for the second quarter ended June 30, 2007. A copy of the press release is attached hereto as Exhibit 99.1.
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The United Parcel Service owes more than $1.2 million in New York City parking fines, more than any other company or individual, according to city records. Gregory L. Perrin, a spokesman for the Department of Transportation, said the delivery service had not paid a parking ticket since March 1985, when it went to court to challenge the way traffic agents identified the company's distinctive brown delivery trucks on parking tickets. ''They meet the definition of scofflaw,'' Mr. Perrin said.
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