UPS is warning that its earnings will fall short for the fourth quarter of last year, mostly because the company overcompensated for the shipping woes of 2013, when it delivered a surge of last-minute packages after Christmas.
For 2014, it hired more workers and invested in more equipment than was needed to handle what turned out to be an easier Christmas shipping season. E-commerce is a bigger part of UPS’ business now, and it is also hard to forecast. Will cost-cutting hurt performance next year?
Click play above to hear more from this story
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.