DALLAS (AP) — FedEx Corp. says its latest quarterly profit rose 5 percent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations.
The company's ground-shipping segment is doing better, but the express-delivery business is flat and customers continue to shift to slower, cheaper services for international shipments.
3. Top Midstate commercial real estate transactions for December 2013 - Friday, January 31, 2014
Top December 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.4. Top Midstate commercial real estate transactions for 2013 - Friday, January 24, 2014
Top 2013 commercial real estate transactions for Davidson, Williamson, Rutherford, Wilson and Sumner counties, as compiled by Chandler Reports.5. Stocks mostly lower on weak earnings; UPS slips - Friday, January 17, 2014
NEW YORK (AP) — Weak earnings from big U.S. companies are nudging the stock market lower.
United Parcel Service, General Electric and others issued disappointing results or forecasts.
6. Santa's sleigh delayed after snags at UPS, FedEx - Friday, December 20, 2013
NEW YORK (AP) — Santa's sleigh didn't make it in time for Christmas for some this year due to shipping problems at UPS and FedEx.
The delays were blamed on poor weather earlier this week in parts of the country as well as overloaded systems. The holiday shopping period this year was shorter than usual, more buying was done online and Americans' tendency to wait until the last possible second to shop probably didn't help either.7. UPS sees busier, intense holiday shopping season - Friday, October 25, 2013
ATLANTA (AP) — UPS expects this holiday season to be busier than last, thanks to the growing popularity of online shopping. And more intense, thanks to the calendar.
The world's biggest package delivery company said Friday that it foresees peak season daily volume rising 8 percent this year.
8. UPS more than doubles 3Q profit - Friday, October 25, 2013
A pickup in deliveries is helping UPS more than double its profit from a year ago, when Big Brown took a hit from pension-restructuring costs.
United Parcel Service Co. said Friday that net income in the third quarter soared to $1.10 billion, or $1.16 per share.9. UPS to end health coverage for some spouses - Friday, August 23, 2013
DALLAS (AP) — United Parcel Service Inc. is ending health-insurance benefits for U.S. nonunion employees' spouses who can get coverage elsewhere. It blames the change on the new health-care law.10. UPS says 2Q profit down 4 percent - Friday, July 19, 2013
DALLAS (AP) — UPS said Tuesday that second-quarter profit fell 4 percent as customers shifted from premium toward lower-priced shipped services.
The company called the results disappointing and said it was adapting to the changing market.11. Stocks gain on earnings; fake tweet rattles market - Friday, April 19, 2013
NEW YORK (AP) — Companies that do the best when the economy is improving led the market higher Tuesday after several of them reported strong quarterly earnings.
Coach, a maker of luxury handbags, and Netflix, which streams TV shows and movies over the Internet, were winners after announcing profits that impressed investors. Financial stocks rose after Travelers' earnings beat the expectations of financial analysts who follow the company.12. Pension charge pushes UPS 4Q results into the red - Friday, January 25, 2013
DALLAS (AP) — United Parcel Service Inc. says it was slowed down in the fourth quarter by weak global trade and a disappointing holiday-shopping season.13. Dow edges lower, still headed for stellar January - Friday, January 25, 2013
NEW YORK (AP) — The Dow drifted lower Thursday, but stayed on track for its best start to the year in more than two decades.
The Dow Jones industrial average fell 33 points to 13,877 as of noon EST. The index has gained 6 percent so far this month, putting it in line for its best January performance since 1989, according to data from S&P Dow Jones Indices.14. UPS abandons $6.9 billion takeover for TNT Express - Friday, January 11, 2013
AMSTERDAM (AP) — Shares in package delivery company TNT Express NV were knocked as much as 50 percent lower Monday on news that United Parcel Service Inc. has ditched its €5.2 billion ($6.9 billion) takeover of the struggling Dutch company, citing objections from European regulators.15. Stocks little changed on Wall Street; Apple slides - Friday, January 11, 2013
NEW YORK (AP) — Apple held down the Standard & Poor's 500, pushing it further below the five-year high it reached last week, after the technology giant's stock sank following a report that demand for the iPhone 5 may be weaker than expected. The Dow Jones industrial average edged higher.16. FedEx to offer buyouts with up to 2 years pay - Friday, November 30, 2012
NEW YORK (AP) — FedEx said Tuesday that it will be offering some employees up to two years' pay to leave the company starting next year.
The voluntary program is part of an effort by the world's second-biggest package delivery company to cut annual costs by $1.7 billion within three years.17. Widow sues National Geographic over Afghan doc - Friday, November 09, 2012
NASHVILLE (AP) - A widow of a U.S. Army soldier killed in a blast in Afghanistan has sued Fox Cable Networks and the National Geographic Society over a documentary that showed her husband and family.18. Free Enterprise Award presented to Baker - Friday, September 28, 2012
J.B. Baker, chairman of the board for Volunteer Express Inc. and owner of Sprint Logistics, LLC and Baker South real estate development, has been awarded the Jennings A. Jones Champion of Free Enterprise Award by Middle Tennessee State University.19. Stocks drop for a 3rd day as earnings slide - Friday, July 20, 2012
NEW YORK (AP) — A parade of grim news, from weak corporate earnings to a pullback at U.S. factories to spreading fault lines in Europe's debt crisis, sent investors fleeing stocks for a third straight day on Tuesday.20. UPS to buy TNT Express for $6.8 billion - Friday, March 16, 2012
AMSTERDAM (AP) — United Parcel Service Inc. said Monday it will buy Netherlands-based TNT Express NV for $6.77 billion (€5.16 billion), in a deal that will create a company with annual sales of €60 billion.21. Charge hurts UPS profit, but US business surges - Friday, January 27, 2012
NEW YORK (AP) — UPS said Tuesday that its fourth-quarter net income slid because of an accounting charge, but its adjusted results topped Wall Street's expectations.
Excluding the charge, profit rose 21 percent. The world's largest package delivery company credited the increase to an improving U.S. package business that's making up for slower sales growth overseas. United Parcel Service Inc. also forecast Tuesday that its full-year results would mostly top analysts' forecasts.22. FAA to issue rules aimed at tired airline pilots - Friday, December 16, 2011
WASHINGTON (AP) — Nearly three years after the deadly crash of a regional airliner flown by two exhausted pilots, the Federal Aviation Administration is releasing rules aimed at preventing airline pilots from flying while dangerously fatigued.23. FedEx sees global slowdown, cuts profit outlook - Friday, September 23, 2011
NEW YORK (AP) — FedEx Corp. says consumers are putting off purchases of electronics and other gadgets from China, another example of the global economic slowdown that's prompting fears of another recession.24. Oil falls sharply on global economic worries - Friday, September 16, 2011
NEW YORK (AP) — Oil prices tumbled 5 percent Thursday after some of the world's top financial officials gave a gloomy reading on the international economy.
Oil, a bellwether that tracks the market's mood, has dropped 29 percent since April as high unemployment, weak consumer confidence and expensive gasoline slowed down global growth.25. Shutdown of transportation programs possible - Friday, August 26, 2011
WASHINGTON (AP) — Bills necessary to avoid shutdowns of federal transportation and aviation programs are high on Congress' to-do list when it returns to work next week.
President Barack Obama says as many as 1 million jobs are at risk without action.26. Charter, cargo airlines target pilot safety rule - Friday, August 12, 2011
WASHINGTON (AP) — Amid fierce opposition from charter and cargo airlines, as well as alarms raised by Pentagon officials, the Obama administration has delayed new safety rules aimed at preventing airline pilots from becoming so exhausted that they make dangerous mistakes.27. UPS sticks with its outlook as 2Q earnings rise - Friday, July 22, 2011
NEW YORK (AP) — UPS says it still expects to grow earnings this year despite an "uneven economic environment." It's keeping its forecast for the year after reporting second-quarter earnings rose 26 percent.