Today: September 12, 2024
Today: September 12, 2024

UPS

Business

UPS and FedEx customers regain upper hand in delivery price battle

U.S. retailers and other delivery customers for the first time in more than four years are easily winning discounts from United Parcel Service and FedEx,

UPS and FedEx customers regain upper hand in delivery price battle
Business

Union contract costs, slack demand to pinch UPS profit

Wall Street analysts expect United Parcel Service to report a sharp drop in third-quarter profit on Thursday as it absorbs significant costs from its new

Union contract costs, slack demand to pinch UPS profit
Business

UPS cuts 2023 revenue outlook, says demand weak headed into holiday peak

United Parcel Service (UPS) cut its 2023 revenue forecast for the second straight quarter on Thursday as delivery demand continued to soften ahead of the

UPS cuts 2023 revenue outlook, says demand weak headed into holiday peak
Business

UPS targets lucrative e-commerce returns, healthcare with acquisitions

United Parcel Service on Thursday said it is spending more than $1 billion this quarter to buy two companies it hopes will bolster profit and volumes amid bare-knuckled

UPS targets lucrative e-commerce returns, healthcare with acquisitions
Business

In market share battle, FedEx and UPS target retail returns

As FedEx and United Parcel Service battle for market share in a delivery demand downturn, they are expanding returns services aimed at helping retailers slash

In market share battle, FedEx and UPS target retail returns
News

UPS fires about 35 newly organized US workers, Teamsters union says

The Teamsters union that represents U.S. workers at United Parcel Service on Thursday said it would respond to the firing of about 35 newly organized workers at the delivery

UPS fires about 35 newly organized US workers, Teamsters union says
Business

EU's top court rejects UPS $1.9 billion claim for blocked merger

United Parcel Service Inc, the world's No. 1 logistics company, on Thursday lost its court fight for a record 1.74-billion euro ($1.90 billion) compensation claim from EU antitrust

EU's top court rejects UPS $1.9 billion claim for blocked merger
Business|Economy

UPS stock down before market open as company gives softer-than-expected full-year revenue outlook

Shares of UPS are falling before the market open on Tuesday as the package delivery company gave a weaker-than-expected full-year revenue forecast

UPS stock down before market open as company gives softer-than-expected full-year revenue outlook
Business|News|Technology

UPS, FedEx transition to electric vans slowed by battery shortages, low supply

UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas

UPS, FedEx transition to electric vans slowed by battery shortages, low supply
Business|Economy

UPS CFO Brian Newman to step down on June 1, company says

United Parcel Service said on Monday that its CFO and Executive Vice President Brian Newman would leave the company on June 1.

UPS CFO Brian Newman to step down on June 1, company says
Business|Economy

UPS taps Goldman Sachs to manage its $43.4 billion pension funds

U.S. parcel delivery giant UPS has enlisted the asset management arm of Wall Street titan Goldman Sachs to manage its $43.4 billion pension fund assets in the United States and Canada, the

UPS taps Goldman Sachs to manage its $43.4 billion pension funds
Business|Economy

UPS announces sale of Coyote Logistics unit to RXO for $1 billion

United Parcel Service, the world's biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday.

UPS announces sale of Coyote Logistics unit to RXO for $1 billion
Business|Economy

UPS appoints insider Brian Dykes new CFO

United Parcel Service on Tuesday appointed longtime insider Brian Dykes as its new finance chief, effective immediately.

UPS appoints insider Brian Dykes new CFO
Business|Economy|Finance

Cheap deliveries swamp UPS earnings, sending shares reeling

United Parcel Service lowered its 2024 operating margin target on Tuesday, after new e-commerce customers - identified by industry

Cheap deliveries swamp UPS earnings, sending shares reeling
Business|Economy|Finance

UPS boosts volume in US for first time since 2022, but profit and revenue slide

UPS managed to boost its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street’s expectations partly due to a hefty charge

UPS boosts volume in US for first time since 2022, but profit and revenue slide

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