Previous close | 165.35 |
Open | 165.35 |
Bid | 146.65 |
Ask | 151.50 |
Strike | 120.00 |
Expiry date | 2025-01-17 |
Day's range | 165.35 - 165.35 |
Contract range | N/A |
Volume | |
Open interest | 10 |
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.