FedEx (NYSE:FDX) stock tumbled 3.5% today after rival United Parcel Service Inc. (NYSE:UPS) released a revenue forecast that fell short of market expectations, signaling weaker demand in the parcel delivery sector.
FedEx stock is trading lower on Thursday in sympathy with United Postal Service, which fell after it reported 2024 fiscal-year fourth-quarter earnings.
United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon.com , and grapples with stubbornly soft demand for lucrative overnight service and commercial shipments.
Parcel delivery company UPS (NYSE:UPS) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
(Reuters) - -United Parcel Service on Thursday forecast 2025 revenue below Wall Street estimates, as gains from cost cuts were offset by customers opting for cheaper, slower ground-based deliveries from more profitable air-based services. Shares of the world's largest package delivery fell more than 5% early in the trading session.
Amazon.com has taken over the largest delivery business in the U.S., surpassing both UPS and FedEx in parcel volumes, postal service remains biggest delivery service. UPS is leveraging artificial ...
United Parcel Service Inc. Cl B closed 14.27% below its 52-week high of $158.95, which the company reached on March 22nd.
Shares of United Parcel Service sank 10% in premarket trading Thursday after the shipping giant reported worse-than-expected fourth-quarter results.
United Parcel Service on Thursday forecast 2025 revenue below expectations as the parcel delivery giant works to lower exposure to its largest customer, Amazon, and as other customers opt for cheaper,
United Parcel Service, Inc. (NYSE:UPS), the world's largest package delivery company, continues to navigate a complex and evolving global logistics landscape. With a vast network spanning over 220 countries and territories,
In a report released today, Brian Ossenbeck from J.P. Morgan maintained a Buy rating on Canadian Pacific Kansas City (CP – Research Report),
OnTrac, the #1 alternative parcel carrier network, today announced the appointment of Michael Cannizzo as the company's new Chief Commercial Officer (CCO). With an extensive background in rapidly scaling commercial organizations at the world's leading logistics companies,