Welcome to our dedicated page for United Parcel news (Ticker: UPS), a resource for investors and traders seeking the latest updates and insights on United Parcel stock.
United Parcel Service (NYSE: UPS) remains a cornerstone of global commerce through its integrated logistics network spanning 220+ countries. This news hub delivers timely updates on corporate developments, financial milestones, and operational innovations from the world's premier package delivery provider.
Investors and industry professionals will find curated coverage of earnings reports, strategic partnerships, and sustainability initiatives. Our repository includes official press releases alongside analyzed updates on supply chain advancements, e-commerce solutions, and transportation technology breakthroughs.
Key focus areas include UPS's domestic/international shipping volumes, alternative fuel fleet expansions, and healthcare logistics innovations. Track developments in drone delivery systems, cross-border trade solutions, and climate action commitments through verified sources.
Bookmark this page for structured access to UPS's evolving market strategy, regulatory filings, and leadership announcements. Combine real-time updates with historical context to better understand this logistics leader's industry trajectory.
UPS (NYSE: UPS) has announced an agreement to sell its Coyote Logistics unit to RXO for $1.025 billion.
CEO Carol B. Tomé stated that this sale aligns with UPS's strategy to focus on being a premium small package provider and logistics partner globally.
Coyote Logistics, headquartered in Chicago, is a prominent 3PL provider, cooperating with 100,000 network carriers and managing 10,000 loads daily.
The transaction is slated to finalize by year-end, pending regulatory approval.
Upon completion, UPS will update its financial outlook. J.P. Morgan Securities is the exclusive financial advisor, and King & Spalding is the legal advisor for this deal.
Roadie, a UPS company, announced the launch of RoadieXD™, a new solution for same-day delivery of big and bulky items. RoadieXD leverages cross-dock facilities to streamline the delivery of oversized goods directly from retailers' distribution centers. This service is available for items up to 200 pounds and 12 feet in length, and it aims to minimize delivery time and handling costs. Initial operations have started in Atlanta, with expansions planned for New York, Miami, Dallas, Chicago, and Los Angeles. RoadieXD promises to enhance delivery speed and efficiency, providing a cost-effective alternative for retailers dealing with large items.
Stride and Roadie, a UPS company, have partnered to offer financial tools to independent drivers nationwide. This collaboration will provide drivers with access to Stride's portable benefits platform, including health, dental, and vision insurance, as well as tax and financial planning tools. The partnership aims to address challenges faced by independent workers, such as managing insurance and maximizing savings. With Stride's support, drivers can access personalized plan recommendations and unbiased advisors to choose the best insurance plan. Stride's initiatives have already helped workers save billions on taxes and insurance premiums. The partnership also provides mileage, expense, and income tracking tools through the free Stride app, simplifying tax processes and offering significant savings.
UPS announced that Brian Newman, executive vice president and CFO, will depart on June 1 to focus on personal health. The company is searching for a new CFO. Newman's departure will not impact UPS's full year guidance. Newman expressed confidence in UPS's future success.
UPS (NYSE: UPS) has announced a regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares, payable on May 30, 2024. The company has a strong commitment to its dividend, having either maintained or increased it every year since going public in 1999.
