Shares in United Parcel Serice (UPS) slumped by 13% during midday trading on Tuesday after the company reported lower-than-expected second-quarter financial results. Adjusted profit per share was $1.79, missing analysts' estimates of $1.99 per share according to data from LSEG. The company lowered its...
United Parcel Service (UPS) is cutting its losses on the freight brokerage firm Coyote Logistics. UPS announced on Sunday that it will sell Coyote Logistics to RXO in a $1.025 billion deal.
UPS paid $1.8 billion for Coyote Logistics back in 2015 in an attempt...
United Parcel Service (UPS) is prepared to return to the negotiations table with Teamsters-represented U.S. workers. The company said on Wednesday that it had made an improved offer in hopes of preventing the previously-announced strike.
Teamsters represent around 340,000 UPS workers, which make up more...
