UPS forecasts record holiday season with 750 million deliveries - WDRB 41 Louisville News

UPS forecasts record holiday season with 750 million deliveries

Posted: Updated:
A plane at UPS Worldport in Louisville A plane at UPS Worldport in Louisville

LOUISVILLE, Ky. (WDRB) -- UPS expects to deliver a "record-breaking" 750 million packages between Thanksgiving and New Year's Eve, an increase of 5 percent from last year’s peak seasonal period.

The Atlanta-based company, which maintains its Worldport global air hub at Louisville International Airport, said its domestic business continues to grow as shoppers migrate to e-commerce.

"The U.S. consumer increasingly prefers to shop online and UPS is benefiting from this trend," UPS said in a news release.

The projections came on the same day that UPS reported slightly lower net income of $1.2 billion for the three-month period ended Sept. 30 as compared to a year earlier.

Disruptions from hurricanes meant a $50 million hit to the bottom line, the company said.

The company’s revenue of $15.9 billion was up 7 percent from last year, but expenses grew by 8.1 percent, to $13.9 billion.

UPS is in the midst of hiring 95,000 short-term workers for the peak season, including thousands in Louisville, for jobs like drivers, delivery helpers and package loaders and sorters. Applications can be submitted at  UPSjobs.com.

UPS also announced a 4.9 percent rate increase this week for ground packages that takes effect Dec. 24.

A previous version of this story included language from UPS incorrectly stating the number of days between Thanksgiving and New Year's Eve.

Reach reporter Chris Otts at 502-585-0822, cotts@wdrb.com, on Twitter or on Facebook. Copyright 2017 WDRB News. All rights reserved.

  • Sign Up for WDRB's Sports Newsletter

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
  • Stories by Chris OttsMore>>

  • University of Louisville board chairman committed to 'closed' search for next president

    University of Louisville board chairman committed to 'closed' search for next president

    Monday, November 20 2017 5:24 PM EST2017-11-20 22:24:54 GMT
    U of L trustees chairman David Grissom, right, and interim President Greg Postel. Nov. 20, 2017U of L trustees chairman David Grissom, right, and interim President Greg Postel. Nov. 20, 2017

    The chairman of the University of Louisville board of trustees said the board is committed to conducting a “closed” search in which finalists for the next president of the university will not be made public -- over the objection of many faculty and staff members and students.

    More >>

    The chairman of the University of Louisville board of trustees said the board is committed to conducting a “closed” search in which finalists for the next president of the university will not be made public -- over the objection of many faculty and staff members and students.

    More >>
  • Beshear: Too soon to say whether taxpayer-funded aluminum company is a 'public agency'

    Beshear: Too soon to say whether taxpayer-funded aluminum company is a 'public agency'

    Monday, November 20 2017 10:58 AM EST2017-11-20 15:58:30 GMT
    Craig Bouchard, CEO of Braidy Industries Inc., speaks to the Louisville Rotary Club on Nov. 9, 2017.Craig Bouchard, CEO of Braidy Industries Inc., speaks to the Louisville Rotary Club on Nov. 9, 2017.

    It’s too soon to determine whether Braidy Industries, the aluminum manufacturing company in which Kentucky taxpayers are a big shareholder, is a “public agency” that must disclose its records like state and local government.

    More >>

    It’s too soon to determine whether Braidy Industries, the aluminum manufacturing company in which Kentucky taxpayers are a big shareholder, is a “public agency” that must disclose its records like state and local government.

    More >>
  • Now making money on Obamacare, Humana still plans to quit exchanges

    Now making money on Obamacare, Humana still plans to quit exchanges

    Friday, November 17 2017 1:46 PM EST2017-11-17 18:46:53 GMT
    Louisville-based Humana is unexpectedly making money on Obamacare exchange plans this year, company reports show.Louisville-based Humana is unexpectedly making money on Obamacare exchange plans this year, company reports show.

    Louisville-based Humana isn’t budging from its promise to stop selling individual plans in the Obamacare health insurance exchanges -- once and for all – in 2018. There’s only one problem: Humana is finally making money on the plans.

    More >>

    Louisville-based Humana isn’t budging from its promise to stop selling individual plans in the Obamacare health insurance exchanges -- once and for all – in 2018. There’s only one problem: Humana is finally making money on the plans.

    More >>
Powered by Frankly
All content © Copyright 2000 - 2017 WDRB. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.