UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. The company also hinted that its Coyote truck load brokerage business may be put up for sale. UPS acquired the Chicago-based company for 1.8 billion dollars (£1.42 billion) in 2015. The Teamsters in September voted to […]
(Reuters) – United Parcel Service said on Tuesday it would cut 12,000 jobs and explore strategic options for Coyote, its truckload freight brokerage business, after the company forecast full-year 2024 revenue below estimates. The company’s shares recovered some lost ground and were last down 5.2% in premarket trading. “The small package market in the U.S., […]
UPS slid before the opening bell after a mixed quarter and an outlook for this year that was weaker than expected. Last year union members at UPS voted to approve a tentative contract agreement, putting a final seal on contentious labor negotiations that threatened to disrupt package deliveries for millions of businesses and households nationwide. […]
(Bloomberg) — United Parcel Service Inc. tumbled after the courier posted fourth-quarter sales below analysts’ estimates and provided 2024 guidance that missed expectations as higher labor costs and lower package demand crimps profit. Most Read from Bloomberg The shares fell as much as 7.6% in early US trading. After registering a 9.3% drop in annual […]
A Minnesota man is accused of murdering three people after wearing a UPS uniform to gain access to their residence for a robbery attempt that turned deadly, prosecutors said in a criminal complaint filed Monday. Alonzo Mingo, 37, faces three counts of second degree murder committed without premeditation but with intent, according to the complaint […]
UPS (NYSE: UPS) currently sports a dividend yield of slightly more than 4%, and it has good long-term growth stocks, but is it the kind of dividend stock investors should be buying? The answer is yes and no, depending on your tolerance for near-term risk. Here’s what you need to know before buying the stock. […]
(KRON) — The Oakley Police Department is searching for someone who allegedly took packages from a UPS store on multiple occasions, the City of Oakley announced. The first theft allegedly happened at about 3:45 a.m. on Christmas morning. The suspect was seen on surveillance video breaking into the UPS store at 2063 Main St. through […]
A newly hired UPS employee was fired after his first two shifts at a Florida warehouse because of his diabetes, according to a federal disability discrimination lawsuit. He worked as a package handler “without any issues” — before a human resources supervisor told him “he was a liability to the company,” due to his disability, […]