(Bloomberg) — United Parcel Service Inc., the world's largest package shipping company, forecast 2015 earnings growth that will be short of a long-term goal as it faces higher pension contributions and a stronger dollar.
Full-year profit, excluding some items, will increase 6 percent to 12 percent to a range of $5.05 to $5.30 a share, Atlanta-based UPS said in a statement Tuesday. That's below its long-term target of 9 percent to 13 percent.
UPS has been struggling with how to cope with unpredictable e-commerce shipments during its peak Christmas season. After missing some deliveries in 2013, it spent $675 million last year and hired 100,000 part-time workers to better prepare. Volume turned out to be uneven, leaving workers and equipment underutilized on some days.
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