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Tag: UPS
UPS plans to close Baltimore facility, lay off 540 workers
A Baltimore UPS customer cernter is planning to close in August, according to a Maryland state filing. (Photo: Jim Allen/FreightWaves) A Baltimore UPS customer center is planning to close in August, according to a Maryland state filing. The move will affect hundreds of workers. A UPS (NYSE: UPS) on Vero Road will shutter Aug. 23, […]
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FedEx Earnings Upcoming, With Focus On Outlook. UPS Swings $1 Billion Deal With RXO.
RXO (RXO) stock surged early Monday after the company announced Sunday it would purchase UPS‘ (UPS) Coyote Logistics, the company’s freight-brokerage business, for slightly more than $1 billion. The deal comes just days before rival FedEx (FDX) closes the door on fiscal 2024 with fourth-quarter earnings. ↑ X NOW PLAYING With The Nasdaq Stretched, Here’s […]
UPS agrees to sell its freight-brokerage division for less than it paid for the business in 2015
ATLANTA (AP) — United Parcel Service said Sunday it agreed to sell its Coyote Logistics division to RXO for just over $1 billion — less than it paid for the freight-brokerage company in 2015 — to focus more on its core package-delivery business. UPS said it expects to close the sale by the year if […]
Miami-Dade officers face manslaughter charges for the deaths of UPS driver, bystander
Four Miami-Dade police officers are facing manslaughter charges after a grand jury indicted them for the deaths of a kidnapped UPS driver and a bystander stuck in the middle of a 2019 shootout, prosecutors announced on Saturday. “Given the enormity of the gunfire in this incident at an extremely busy intersection packed with civilian motorists […]
UPS Foundation donates $250,000 to Jacksonville ex-offender rehabilitation program
Operation New Hope recently received a $250,000 investment from the UPS Foundation to expand vocational training opportunities for its Ready4Work clients and to develop a community leadership program. The Jacksonville nonprofit’s programs help ease ex-offenders back into their families and communities. Ready4Work provides job training, job placement assistance, case management and mental health and other […]
Want $1,000 in Dividend Income? Here’s How Much You Have to Invest in UPS Stock to Get It
United Parcel Service (NYSE: UPS) stock currently offers a compelling 4.7% dividend yield. Based on that yield, an investment of $21,276 in the stock would buy almost 157 shares that would generate roughly $1,000 in annual income in 2024. That’s a pretty decent return all by itself. There’s also potential for UPS’ stock to appreciate […]
Skydance Ups Cash Offer for Paramount and Courts Class B Stockholders in Restructured Offer
Skydance Media has increased its cash offer and restructured its bid for Paramount Global in an effort to make a deal more equitable for the media conglomerate’s minority shareholders, an individual familiar with the matter tells TheWrap. The latest offer must be approved by Paramount’s independent special committee, which let the exclusivity window on its […]
UPS Driver Fatally Shot By Childhood Friend While Delivering Packages: DA
A UPS employee in Southern California was charged Tuesday with shooting his friend and coworker in an execution-style killing last week. Rhean Jalipa Fontanoza, 46, allegedly shot and killed Expedito De Leon, his childhood friend, while De Leon was out delivering packages last week, according to a press release from the Orange County district attorney’s office. […]
UPS Sells $2.6 Billion of Notes as New-Debt Barrage Persists
(Bloomberg) — United Parcel Service Inc. sold $2.6 billion in high-grade bonds Monday as companies rush to price new debt ahead of the Memorial Day holiday. Most Read from Bloomberg The package delivery company priced notes maturing in 10, 30 and 40 years, according to a person familiar with the matter. The $600 million note […]
Ether Jumps 10% to $3.4K After Bloomberg Ups Odds of Spot ETF Approval
Already modestly higher during U.S. trading hours Monday, the price of ether {{ETH}} jumped more than 10% after two well-followed Bloomberg ETF analysts greatly upped their odds of the U.S. Securities and Exchange Commission approving spot ETH ETFs. “James Seyffart and I are increasing our odds of spot Ether ETF approval to 75% (up from […]