I would like to welcome everyone to the UPS fourth quarter 2024 earnings conference call. [Operator instructions] It is now my pleasure to turn the floor over to your host, Mr. PJ Guido, investor relations officer.
United Parcel Service (UPS) stock dove today after the delivery company released a mixed earnings report for Q4 2024. First came earnings per
Discover the impact of UPS SurePost contract ending with USPS. Explore changes in package delivery and solutions for P.O. box and rural customers.
"Millions of packages moved away from SurePost and the United States Postal Service ... Our Parcel Select product still exists and any business can use it now at our published rates." USPS had ...
UPS recently ended a contract with the United States Postal Service and delivery changes are coming to some post office box users as a result.
U.S. Postal Service (USPS) workers will no longer deliver UPS SurePost packages. Here's how fast you could get your deliveries.
United Parcel Service Inc. Cl B closed 14.27% below its 52-week high of $158.95, which the company reached on March 22nd.
This was the stock's second consecutive day of losses.
The Postal Service market is expected to grow from an estimated USD 246.9 billion in 2024 to USD 297.7 billion in 2033, at a CAGR of 2.10%.
In its data on millions of parcels shipped during this period in 2024, ShipMatrix found that the on-time performance (OTP) for the three national carriers—FedEx, UPS, and the United States Postal Service (USPS),
UPS's stock tumbled 17% in midday trading, putting it on track to break the current record selloff of 12.1% seen on July 23, 2024. It was by far the biggest decliner in the S&P 500 index SPX and was also trading at the lowest prices seen since June 2020.
UPS is also insourcing deliveries through SurePost, its home-delivery service for smaller packages. UPS used to drop packages with the U.S. Postal Service for last-mile delivery, but it ended the arrangement on Jan. 1 following a change in the agency's operating model that would have driven up costs for UPS and potentially affected service.