Tag: $UPS

UPS on Tuesday said it had inked an exclusive deal to provide no-box, no-label returns for the fast-growing TikTok Shop network ​of US sellers as it competes with rivals like FedEx to ‌provide specialized services that generate more profit than typical e-commerce package deliveries.

United Parcel Service is investing more than $2 billion into its business across its international, healthcare and supply chain solutions businesses, the company told CNBC exclusively on Monday.

UPS stock rose after the company reported better-than-expected quarterly earnings on Tuesday. It seems as if investors can finally look forward to growth and optimism after a difficult stretch for the parcel shipper.

Shares of United Parcel Service slumped in early Tuesday trading after the package-delivery giant beat first-quarter earnings expectations but left its full-year guidance unchanged.

United Parcel Service on Tuesday reported earnings that topped Wall Street’s estimates ahead of its busy holiday season.

Shares of United Parcel Service dropped early Tuesday after the company reported weaker-than-expected earnings. The results weren’t all that surprising, but growth remains elusive.

United Parcel Service’s (UPS.N), first-quarter profit beat market estimates and the parcel delivery giant said it will cut 20,000 jobs to lower costs in an uncertain economy and in anticipation of weak volumes from its largest customer, Amazon (AMZN.O).

United Parcel Service is going to do a lot less business with its biggest customer, Amazon. UPS on Thursday projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the business it does with Amazon over the next 18 months.

United Parcel Service reported better-than-expected quarterly earnings. Shares were rising in early trading.

Domestic package revenue surprisingly fell, but volume rose for the first time in 9 quarters.

United Parcel Service Inc. said Sunday it has agreed to sell its freight-brokerage business, Coyote Logistics, to RXO Inc. for $1.025 billion in cash.

United Parcel Service  stock rose after the company reported better-than-expected earnings.

United Parcel Service will become the United States Postal Service’s (USPS) primary air cargo provider, the company said on Monday, as rival FedEx walked away after pressing for a better new contract with the U.S. agency.

This past year was more difficult than United Parcel Service imagined when it set three-year goals at an investor event in 2021.

United Parcel Service stock is dropping after the shipping giant posted weaker-than-expected operating profit. The initial outlook for 2024 isn’t helping either.

United Parcel Service -1.60% reported third-quarter earnings that met Wall Street’s reduced expectations. The problem was with guidance.

UPS CEO Carol Tome said the costs incurred by the company for the new Teamsters contract are less than the ”$30 billion in new money” touted by the union, as the company aims to sell investors on the agreement.

United Parcel Service on Tuesday cut its full-year revenue and margin forecasts and its shares fell 5.1% in premarket trading, as the world’s largest delivery company expects a hit to volumes from a new labor contract.

Negotiations between the Teamsters and UPS deadlocked last week, with the world’s biggest package delivery company saying it had no more to give and the Teamsters demanding better pay for workers who missed out on labor shortage-driven pay increases during the COVID-19 pandemic.

United Parcel Service UPS +2.52% was falling in premarket trading Wednesday after the Teamsters union said talks with the management had ended without an agreement.