What on Earth is happening at UPS?

                                   UPS predicts a 5% rise in Air Cargo

UPS AIR CARGO

The costs of air cargo and ground cargo has been raised by about 5 per cent when it was previously declining. The UPS will show us an increase. An Atlanta based company will be raising rates by about 5 per cent and road delivery costs as well as air cargo globally will also rise by 5 per cent more or less. For reliable and cost effective air cargo services to caribbean contact with www.cargotocaribbean.co.uk 

These rates need to be increased according to some, in order to cover labour charges and the cost of equipment as well as receiving a good enough reward for what it provides. Though customers will see the rate slightly higher than average it doesn’t look any more likely to decrease.

GRAPH BAR

This is not the only areas where increase will be seen in the industry. UPS also intends to charge more for fuel and depending on the type of delivery prices will increase. Heavy packages will now cost more and the fuel price will go from 4.75 per cent to 5.25 per cent. The cost of air cargo and global packages will increase by 1.5 per cent.

Normally costs of fuel change monthly and are related to the prices of diesel and airline fuel. This means that with lower prices the UPS revenue suffers and the low fuel prices means that the cost of the company drops and although it has increased revenue it’s not always suited to UPS.

ROAD SERVICES

From January to June 2015 revenue shot up to $2.26 billion which meant there was a 65% increase over just a year. Last year results suffered a loss as health plan costs meant $665 million had to be paid out.

Company shares have increased by 94 cents reaching $103.80.  This has decreased by about 7 per cent in 2015 with the previous year’s showing a 20 cents growth.