UPS Package Volume Drops

Recession Watch

Updated Apr. 25, 2017 4:13PM EDT / Published Feb. 03, 2009 8:32AM EST

UPS, usually a reliable indicator of economic transactions, reported this morning that its average daily package volume was down 3.2 percent and next-day air volume off 10 percent in the fourth quarter. While CEO Scott Davis blamed the "severe decline in economic activity around the world," the company's financial chief warned that 2009 will be "one of the most difficult in UPS's history." The company made a fourth-quarter profit but total revenue decreased 5.2 percent to $12.7 billion.

Read it at The Wall Street Journal

Huma Abedin, Alex Soros to Make Public Debut at Met Gala

Abedin hard-launched her budding relationship with the heir apparent to the Soros fortune in an Instagram story on Valentine’s Day.

Judge Dismisses Tiger King’s Music Copyright Lawsuit

The songwriter behind “I Saw a Tiger,” and “Killer Carole,” doesn’t owe Joe Exotic a cent.

Tomb of Mysterious Dyatlov Pass Hikers Defaced With Swastika

The 1959 deaths of the nine hikers in the Ural Mountains has been an enduring enigma that spurred numerous conspiracy theories.

Our Free Pay Dirt Newsletter Exposes Shady Political Donors

Sign up today for our free newsletter exposing the political power brokers with big pockets and fat checks.

United Methodist Church Lifts 40-Year Ban on Gay Clergy

“This morning I cried…because a fight I’ve been in for so long found justice,” wrote one pastor.

Paula Abdul Settles With ‘Idol’ but Still Heading to Trial

Details were not disclosed surrounding the settlement with the 61-year-old and production companies for the hit show, but she will still face Nigel Lythgoe in court.

New York Lawmakers ‘Outraged’ After Cops Raid Columbia

Reps. Alexandria Ocasio-Cortez and Jamaal Bowman urged city and school authorities to reverse course as hundreds of police officers poured into campus.

Cosmetics Company Slammed Over Its Deep Black Foundation

Youthforia released the product after its shade range was criticized for not being inclusive enough.

UPS Package Volume Drops