There are a series of legal concerns surrounding United Parcel Service, Inc. (NYSE: UPS), with multiple legal firms urging stockholders who have suffered significant losses to reach out. Additionally, several class action suits have been filed against UPS, with deadlines looming for lead plaintiff applications. However, the company has reportedly maintained its quarterly dividends, indicating a continuation of its trend of financial returns for shareholders. New positions have been taken by TCW Group Inc. and CWA Asset Management Group LLC, while Artisan Partners Value Fund added UPS in Q3 on a dip and Financial Partners Group LLC bought shares. UPS has also beat market predictions for Q1 and gave an encouraging forecast for 2026 revenue. Earnings for 4Q 2023 and 4Q 2022 were also released.
On the operational side, UPS is planning to shut down over 200 facilities, sparking a response from Teamsters who have started a strike authorization vote. Nevertheless, UPS employees have approved a new contract averting a potential strike. The company has also made notable developments in its healthcare logistics sector with plans to acquire multinational healthcare logistics provider, Bomi Group. Despite these movements, UPS faces allegations of discrimination from the US employment commission and a pregnancy discrimination case reinstated by the Supreme Court.
United Parcel Service Class B UPS News Analytics from Wed, 25 Mar 2015 07:00:00 GMT to Wed, 11 Dec 2024 08:00:00 GMT - Rating 8 - Innovation -2 - Information 7 - Rumor -8
