Tag: $UPS

UPS’s stock dives after earnings fall below forecasts, outlook is trimmed

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

UPS sells its Coyote Logistics business to RXO for $1 billion

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.

UPS Stock Rises on Earnings Beat. Demand Is Still a Struggle.

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

UPS replaces FedEx to become U.S. Postal Service’s primary air cargo provider

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.

UPS Stock Rises Ahead of Key Meeting. New Goals Top Wall Street Estimates.

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

UPS Stock Falls. Fourth-Quarter Earnings and 2024 Guidance Come Up Short.

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.

UPS Earnings Meet Expectations. The Guidance Is Driving the Stock Lower.

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

UPS CEO sells investors on new labor contract as company sees stock slide ahead of holiday peak

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.

UPS cuts margin, revenue forecasts as new labor contract weighs

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.

Teamsters chief says still open to deal with UPS

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.

UPS Stock Falls. Union Says Labor Deal Talks Collapse.

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.