UPS Warns of Fourth Quarter Problems

UPS warns

United Parcel Service warned investors this past Friday that earnings for the fourth quarter of 2013 would be less than anticipated.

The company blamed the shortfall on unexpected levels of online purchases coupled with a “surge of last-minute orders,” as well as weather challenges in December and a shortened peak holiday season. The company stated that they delivered more packages on December 23 than ever, realizing a 13 percent increase over the previous year. UPS also said that the “year’s highest delivery day occurred six days later than expected and was 7.5 percent greater than planned.”

These results further demonstrate that online shopping demand in the United States is not only growing rapidly every year, but at a pace far greater than those companies charged with providing delivery services anticipated.  

UPS releases their financial results next Thursday at http://www.investors.ups.com/.

Why do you think online shopping is surging at a faster rate than some have anticipated?

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1 Comment

  1. Anonymous

     /  January 22, 2014

    The ‘click’ is more convenient and faster than actually going to the store…kinda like email in place of the mail…

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