FedEx sues US over screening requirements in Huawei dispute as China tensions rise [CNBC]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: CNBC
FedEx sues US over screening requirements in Huawei dispute as China tensions rise FedEx sued Huawei FedEx claims the Export Administration Regulations "violate common carriers' rights to due process under the fifth amendment," according to a statement released Monday Shares of FedEx and rival delivery company United Parcel Service FedEx filed the lawsuit Monday after Huawei The Commerce Department on June 21 added five Chinese organizations involved in super-computing with military-grade technology to a so-called entity list. U.S. companies are prohibited from selling technology to anyone on the list without government approval. Huawei was added to the list in May amid rising trade tensions between the two nations. FedEx in its statement said that it's "a transportation company, not a law enforcement agency." The company claims that "the EAR, as currently constructed and implemented, place an unreasonable burden on FedEx to police the millions of shipments that transit our network
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News
- United Parcel Service: I See Persisting Profit Pressure Ahead [Seeking Alpha]Seeking Alpha
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Bank of America Co. from $157.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at BMO Capital Markets from $165.00 to $169.00. They now have a "market perform" rating on the stock.MarketBeat
- United Parcel Service, Inc. (NYSE:UPS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- United Parcel Service, Inc. (NYSE: UPS) had its price target raised by analysts at Susquehanna from $150.00 to $160.00. They now have a "neutral" rating on the stock.MarketBeat
UPS
Earnings
- 4/23/24 - Beat
UPS
Sec Filings
- 4/23/24 - Form 8-K
- 4/11/24 - Form PX14A6G
- 3/27/24 - Form 4
- UPS's page on the SEC website