USPS proposes Amazon pay up to 12 percent more for shipping [MSN Money]
United Parcel Service, Inc. (UPS)
Last united parcel service, inc. earnings: 4/28 07:00 am
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Source: MSN Money
The U.S. Postal Service has proposed a 9-12% increase to the shipping service used by Amazon, just months after President Donald Trump criticized the USPS for giving too good of a deal to Amazon. The parcel select service, which is also used by United Parcel Service and FedEx, is the last and typically the most expensive step in the shipping process that gets the packages to customers' doorsteps. The USPS proposed a 9.3 percent increase on this service for packages weighing over one pound and a 12.3 percent increase to lighter packages. President Trump issued an executive order in April to examine the USPS, claiming that it was on an unsustainable financial path. He's also tweeted that the USPS is Amazon's delivery boy and doesn't make money from Amazon's business. Trump tweet A USPS spokesperson said these proposed changes are not a response to Trump's criticism. The price increases reflect the best judgment of the Postal Service Governors, who are seeking to establish n
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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