United Parcel Service (UPS) has displayed a prominent role in the market with several key events making headlines. Recent developments include UPS's announcement of a
quarterly dividend, signaling financial strength. Asset managers such as
Range Financial Group and
Tilson Financial Group have shown trust by purchasing substantial shares of UPS.
Earnings for Q1 and Q4 2023 have surpassed market expectations, proving a strong financial performance. The organization also demonstrated resilience by averting a probable strike with a new contract for UPS employees, assuring stability. Its strategic moves include the acquisition of multinational healthcare logistics provider
BOMI Group, and the bold move of planning to close
200 facilities.
Earnings for 1Q 2024 along with a
business continuity training have been announced. UPS predicts revenue growth above estimates till 2026 due to effective cost cuts, and margin growth. However, the company has made the hard decision to cut
12,000 jobs as part of restructuring its workforce.
United Parcel Service Class B UPS News Analytics from Tue, 16 Apr 2013 07:00:00 GMT to Sat, 06 Jul 2024 06:16:06 GMT -
Rating 7
- Innovation 4
- Information 7
- Rumor -1
