UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. The company also announced 12,000 layoffs as part of an effort to align resources in 2024.
The workforce reductions will save the company about $1 billion in costs, CEO Carol Tomé said on a company earnings call.
“2023 was a unique, and quite candidly, difficult and disappointing year. We experienced declines in volume, revenue and operating profits and all three of our business segments,” Tomé said.
Though the earnings report did not directly mention any financial impacts from negotiations with Teamsters in August over labor contracts, Tomé cited the negotiations and the macroeconomic environment more broadly as contributing to the “disappointing” year.
Baltimore County Executive John Olszewski Jr. is officially running for Congress.
Olszewski is running for Maryland’s 2nd Congressional District and has listed his past as a public school teacher, along with being a legislator and current county executive, as reasons to continue to serve the community.
In a video regarding the announcement, Olszewski said, “It’s time for Washington to have a new generation of leaders, leaders who will fight back against those who would destroy our democracy.”
If elected, Olszewski would take over congressman Dutch Ruppersberger’s district. Ruppersberger recently announced he would not seek reelection at the end of his current term.
“Together, we have modernized Baltimore County’s government, made historic investments in our schools, roads, parks, and beyond, and tackled issues like gun safety, police reform, and attainable housing. I’m running for Congress so that we can help do the same in D.C.,” Olszewski said. “It’s time for a new generation of leaders in Washington who will defend our democracy, ensure Maryland remains a beacon of hope for women and choice, act with urgency to combat climate change and work to lower costs for our families. We can do all this — and more — just as we’ve always done: together.”
Olszewski served nine years in the House of Delegates and is a former public school teacher. Originally from Dundalk, he is a Sparrows Point High School alumni. He and his wife, Marisa, have a 7-year-old daughter.
Megan Thee Stallion has been trending since dropping her latest single, “Hiss,” where she took a subliminal shot at Nicki Minaj. This led to Nicki dropping her diss track, “Big Foot,” where she appeared to reference Megan being shot by Tory Lanez, as well as a list of other accusations.
With all eyes on her, Megan appeared on “Good Morning America,” where she announced her upcoming summer tour and a new album.
Megan stated, “Oh, we’re having the tour this year. The Hot Girl Summer Tour is gonna be 2024 summer time. I feel like I’ve never been able to be outside during my early days during the summer since 2019. So this is gonna be the first time that I drop an album on time for the summer. I do want to give the Hotties the Megan Thee Stallion experience.”
Source: X
Over the weekend, former NBA point guard Rajon Rondo was arrested in Indiana’s Jackson County for misdemeanor charges of unlawful possession of a firearm, drug paraphernalia, and marijuana, as reported by WDRB-TV. The arrest occurred during a routine traffic stop when a trooper detected the smell of marijuana. A subsequent search uncovered a firearm and drug paraphernalia. Rondo, 37, was taken to a Jackson County jail, where he posted bond. It was noted that Rondo was prohibited from possessing a firearm due to a no-contact order against him. In 2022, Rondo had an emergency protective order filed against him, which was later dismissed after an agreement was reached between the parties.