United Parcel - UPS STOCK NEWS

UPS has announced its agreement to acquire Frigo-Trans and BPL, leading healthcare logistics providers in Germany, to enhance its end-to-end temperature-controlled logistics capabilities across Europe. This acquisition aligns with UPS's strategy to become the top complex healthcare logistics provider globally, addressing the increasing demand for integrated cold and frozen supply chains in the pharmaceutical industry.

Frigo-Trans offers a comprehensive network including temperature-controlled warehousing covering six zones from cryopreservation (-196°C) to ambient (+15° to +25°C), a Pan-European cold chain transportation solution, and time-critical freight forwarding capabilities. The transaction is expected to close in Q1 2025, subject to regulatory approvals. Financial terms were not disclosed.

A Roadie survey reveals that 36.7% of retailers restrict oversized item delivery despite growing demand. Nearly half of respondents say oversized items make up over 20% of their sales. Key challenges include early cut-off times (47%) and managing multiple carriers (45%).

The study highlights the need for flexible delivery solutions for big and bulky items. Slow delivery speed (49%) is the top reason for cart abandonment, followed by lack of flexible delivery windows (45%) and inability to bring items into homes (44%).

Roadie introduced RoadieXD™, a nationwide cross-dock network enabling same-day delivery for large items. Companies outsourcing these services have seen a 62% increase in productivity. Benefits of partnering with oversized delivery providers include increased sales (63%), improved customer experience (57%), and enhanced distribution efficiency (46%).

UPS (NYSE: UPS) has announced its regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares. The dividend is set to be paid on September 5, 2024, to shareholders of record as of August 19, 2024. This announcement underscores UPS's commitment to maintaining or increasing its dividend, a practice the company has upheld since going public in 1999. The consistent dividend policy is highlighted as a core principle and a testament to UPS's financial strength, demonstrating the company's dedication to delivering value to its shareholders.

UPS released its Q2 2024 earnings report, showing a 1.1% decrease in consolidated revenues to $21.8 billion compared to Q2 2023. The company's consolidated operating profit fell 30.1% to $1.9 billion, with diluted earnings per share at $1.65. Adjusted diluted EPS of $1.79 was 29.5% below the same period in 2023.

Despite the decline, UPS CEO Carol Tomé highlighted a significant turning point as the company returned to volume growth in the U.S. for the first time in nine quarters. UPS has updated its full-year 2024 financial guidance, expecting consolidated revenue of approximately $93.0 billion and adjusted operating margin of about 9.4%. The company also plans to restart its share repurchase program, targeting $1 billion annually.

UPS has announced its agreement to acquire Estafeta, a leading Mexican express delivery company, as part of its 'Better and Bolder' strategy. This acquisition aims to capitalize on Mexico's growing role in global trade, the shift towards nearshoring, and the expansion of Mexican SMB and manufacturing sectors. The deal, expected to close by the end of the year, will combine UPS's global network with Estafeta's 45-year logistics legacy in Mexico.

The merger will provide customers with seamless access to global markets, integrating small package, healthcare logistics, and end-to-end supply chain solutions. This move is seen as a strategic step to strengthen UPS's position as a premium international logistics provider and enhance Mexico's connection to the global economy.

Blain's Farm & Fleet has partnered with Roadie, a UPS company, to offer same-day delivery for over 60,000 products, including large items. Orders placed by 2 p.m. can be delivered the same day. This service, started during the holiday season, has now been extended year-round due to positive customer feedback. Within the first three days of launch, Blain's saw a 738% increase in order volume and a 378% year-over-year revenue boost. RoadieXL™ aids in efficient delivery of large items, reducing packaging costs and lead times. This move aims to enhance customer satisfaction and retention.

UPS (NYSE:UPS) is set to release its second-quarter 2024 financial results on July 23, 2024, at 6:00 a.m. ET. CEO Carol Tomé and CFO Brian Dykes will discuss the results in an investor conference call at 8:30 a.m. ET, which will be accessible to the public via a live webcast on the UPS Investor Relations website. The webcast will remain available for a time after the call.

UPS (NYSE: UPS) has appointed Brian Dykes as its new Executive Vice President and Chief Financial Officer, effective immediately. Dykes, who is 46 years old, has been with UPS for over 25 years. His new responsibilities include overseeing financial strategies, planning, treasury, tax, financial reporting, financial operations, and investor relations.

Previously, Dykes served as Senior Vice President of Global Finance and Planning since April 2023 and held various leadership roles in finance, accounting, corporate treasury, mergers and acquisitions, business intelligence, and business development at UPS. CEO Carol B. Tomé expressed confidence in Dykes' extensive experience and strategic leadership capabilities, emphasizing his role in executing UPS's 'Better and Bolder' strategy to enhance shareholder value.

UPS (NYSE: UPS) and tennis star Coco Gauff have launched a new anime-themed ad, "Coco vs The Doubters," as part of UPS's Be Unstoppable® brand campaign.

The campaign aims to inspire Gen Z entrepreneurs by featuring three successful Gen Z-owned small businesses and providing resources for emerging entrepreneurs. Additionally, UPS is donating $25,000 to Junior Achievement, a youth entrepreneurship non-profit.

Since 2021, UPS has collaborated with various organizations to support small businesses and diverse creatives. The UPS Store Start Small, Grow Big program and The UPS Foundation contribute to scholarships and youth programs for educational resources and mentorship.

Fans can visit ups.com/coco starting in August to order a -edition UPS Express Box featuring anime illustrations of Coco Gauff.