(Reuters) - -United Parcel Service on Thursday forecast 2025 revenue below Wall Street estimates, as gains from cost cuts ...
Shares of United Parcel Service (UPS) sank 10% in premarket trading Thursday after the shipping giant reported ...
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The company said it had reached an agreement in principle with its top customer to lower volume by more than 50% by the end of 2025. UPS has also decided to insource all of its UPS SurePost products ...
The company also said it reached an agreement in principle with its largest customer to lower its volume by more than 50% by the second half of 2026.
UPS (NYSE: UPS) reported revenues of $25.3 billion for the fourth-quarter of 2024, slightly below expectations.