Previous close | 270.15 |
Open | 270.42 |
Bid | 266.05 x 800 |
Ask | 273.06 x 900 |
Day's range | 270.00 - 273.91 |
52-week range | 213.81 - 291.27 |
Volume | |
Avg. volume | 2,041,004 |
Market cap | 66.873B |
Beta (5Y monthly) | 1.22 |
PE ratio (TTM) | 15.69 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 5.04 (1.87%) |
Ex-dividend date | 08 Mar 2024 |
1y target est | N/A |
LOS ANGELES (Reuters) -United Parcel Service expects its newly won U.S. Postal Service (USPS) air cargo contract to be profitable in its first year and throughout the more than five-year deal, after rival FedEx struggled with the business, Chief Executive Carol Tome said on Tuesday. Atlanta-based UPS will become the No. 1 USPS air cargo service provider on Sept. 30. It replaces FedEx, which was paid $1.75 billion in fiscal 2023 to provide Priority Mail and other speedy air services for the quasi-governmental agency.
United Parcel Service expects its newly won U.S. Postal Service (USPS) air cargo contract to be profitable in its first year and throughout the more than five-year deal, after rival FedEx struggled with the business, Chief Executive Carol Tome said on Tuesday. Atlanta-based UPS will become the No. 1 USPS air cargo service provider on Sept. 30. It replaces FedEx, which was paid $1.75 billion in fiscal 2023 to provide Priority Mail and other speedy air services for the quasi-governmental agency.
UPS reported better-than-expected first-quarter earnings but with revenue coming in below Wall Street predictions Tuesday. The package delivery giant also reaffirmed full-year guidance. Shares of UPS angled higher early.