November 14, 2008: UPS uses a two-month lag when adjusting its fuel surcharges. That means customers are paying a surcharge based on the price of gas two months ago when it was a dollar per gallon more expensive. You may not want to mention this when you’re making your pickups.
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
