Postal Service implied pact not reached with UPS on SurePost, says JPMorgan

The contract between UPS (UPS) and the United States Postal Service for SurePost expired on December 31, 2024 and earlier this week the Postal Service posted an industry alert which implies that the two parties did not to a new agreement on SurePost, JPMorgan analyst Brian Ossenbeck tells investors in a research note. The firm points out this is a different agreement than the air cargo contract UPS won from FedEx (FDX) in 2024. JPMorgan says the issue is gaining attention of investors but it has

Yahoo | January 11, 2025

Why UPS Stock Is Falling Today

It appears a deal between United Parcel Service (NYSE: UPS) and the U.S. Postal Service was not renewed for 2025, and investors are trying to make sense of what that would mean for the transportation company. SurePost is a UPS service created in 2011 that offered lower rates in return for non-expedited transit and using postal carriers for final delivery. On Jan. 7, the Teamsters union representing UPS employees said on social media that "millions of packages moved away from SurePost and the United States Postal Service and returned to UPS package cars this month, now being sorted and delivered by hardworking UPS Teamsters."

Yahoo | January 10, 2025

UPS Faces Post-SurePost Challenges: Analyst Sees Long-Term Gain But Near-Term Hurdles

United Parcel Service, Inc. (NYSE:UPS) shares are trading lower on Thursday. JP Morgan analyst Brian P. Ossenbeck reiterated the Neutral rating on United Parcel Service, Inc. (NYSE:UPS). The analyst notes that the contract between UPS and the United States Postal Service (USPS) for SurePost expired on December 31, 2024, and it seems the two companies did not reach a new agreement. This is separate from the air cargo contract UPS secured with FedEx Corporation (NYSE:FDX) in 2024. Ossenbeck views

Yahoo | January 10, 2025

Insiders are Buying These 3 Large Cap Stocks

Investors can see insider buys as an overall net positive concerning the longer-term outlook. Recently, these three companies have seen their insiders get busy.

Yahoo | January 10, 2025

Billionaire Bill Gates Is Betting Big on a Transportation Recovery. This Stock Could Take Off if He's Right.

Billionaire Bill Gates is one of the most respected business leaders in the world. Gates co-founded Microsoft and was its CEO through its most rapid growth years in the '80s and '90s as Microsoft came to dominate the market for PC operating systems and productivity software in its Office suite, positions it still enjoys today. Gates stepped down from the leadership post in 2000 and resigned as chairman of the board in 2014.

Yahoo | January 10, 2025

5 questions about FedEx’s planned Freight spinoff

The parcel giant’s planned move raises questions about timing, leadership and impact on the rest of the LTL market. Here’s what we know so far.

Yahoo | January 10, 2025

FedEx CFO acquires 1K shares at $273.98 per share

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• Seeking Alpha | January 9, 2025

Christmas Spirit Delivered One Truckload at a Time

Trees for Troops Celebrates 20 Years of Giving Trees to Military Families FT. CAMPBELL, KY / ACCESSWIRE / January 9, 2025 / ‘Tis the season for giving, and FedEx is helping the Christmas SPIRIT Foundation deliver holiday happiness to military families ...

Yahoo | January 9, 2025

FedEx, Ryder Logistics File WARN Notices, Indicating Layoff Plans

FedEx has plans to carry out layoffs in Pennsylvania, and both Ryder and FedEx have noted they will lay off employees in Maryland.

Yahoo | January 9, 2025

UPS Stock Is a Better Bet Than FedEx in 2025, Says Analyst

Shares of logistics firm United Parcel Service were up early Wednesday after a couple of positive actions from Wall Street analysts.

Yahoo | January 8, 2025