On Air Now

Current Show

WSAU Feedback   8:00 AM - 9:00 AM

Call WSAU Feedback at 715-845-2155.

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
61° Feels Like: 61°
Wind: W 8 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Today

Isolated Thunderstorms 79°

Tonight

Mostly Clear 56°

Tomorrow

Scattered Thunderstorms 80°

Breaking News

BREAKING NEWS / URGENT: The State Supreme Court upholds Act 10, Voter ID, and the state's domestic partnership registry

MADISON, Wis (WSAU)  - The Wisconsin State Supreme Court upheld Act 10, the state law that limits the collective bargaining rights of state employees. The law from three years ago sparked protests at the state capital and led to the recall attempt against Governor Scott Walker. The court's ruling in favor of Act 10 was 5-2. Justice Michael Gableman wrote the lead opinion, which was also signed by Justices David Prosser, Pat Roggensack and Annette Ziegler. Justice Patrick Crooks concurre...

Read More »

UPS warns on profit as customers cut costs

United Parcel Service aircrafts are being loaded with air containers full of packages bound for their final destination at the UPS Worldport
United Parcel Service aircrafts are being loaded with air containers full of packages bound for their final destination at the UPS Worldport

(Reuters) - United Parcel Service Inc , the world's No.1 package delivery company, estimated second-quarter profit below market expectations as international customers accelerate their shift from aircraft to slower but cheaper ships.

UPS shares fell 5 percent after the company also cut its full-year earnings forecast to $4.65-$4.85 per share from $4.80-$5.06. Shares of rival FedEx Corp fell 2 percent.

UPS and FedEx, the No.2 package shipper, are considered economic bellwethers because of the massive volume of goods they move around the world.

FedEx said in June it was raising shipping rates and cutting jobs and costs.

UPS's stronger North American domestic ground network puts it in a better position than FedEx, which focuses more on international air shipments.

UPS said on Friday it expected to report second-quarter earnings of $1.13 per share. Analysts on average expected $1.20 per share, according to Thomson Reuters I/B/E/S.

The company said its package volume growth had also slowed due to labor negotiations. It said it had extended an agreement that covers its domestic small-package employees with the International Brotherhood of Teamsters.

The company is scheduled to report second-quarter results on July 23.

UPS shares were trading at $86.55 before the bell, while FedEx was trading at $102.00.

(Reporting by Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)

Comments