UPS Stock Showing Signs of Recovery Despite Challenges in 2024
Despite challenges in 2024, UPS is showing signs of recovery with strategic plans to grow in healthcare and small businesses. Management is optimistic about future earnings growth, although risks remain. Analysts predict an increase in earnings per share for 2025, making UPS a potential option for investors seeking long-term growth.
RXO Inc. Acquires UPS’s Coyote Logistics for Over $1 Billion
RXO Inc. acquires United Parcel Service Inc.’s Coyote Logistics for over $1 billion, becoming the third-largest provider of brokered transportation services in North America. The acquisition will be financed through a combination of equity and debt, with significant investments from MFN Partners and Orbis Investments. CEO Drew Wilkerson is optimistic about the potential synergies and customer base expansion. Annual cost synergies of $25 million are expected, with Goldman Sachs Group Inc. advising on the deal.
Premarket Trading Sees Significant Moves from UPS, General Motors, Whirlpool, and Spotify
Stocks are making significant moves in premarket trading, with companies such as UPS, General Motors, Whirlpool, and Spotify standing out. This indicates potential shifts in the market before the official trading day begins. UPS, a prominent player in the logistics…
UPS to Cut 12,000 Jobs Following Disappointing Year
Parcel delivery giant UPS has announced plans to cut 12,000 jobs following a ‘difficult and disappointing’ year in 2023. The company cited a softer economy and labor disputes as contributing factors to the decision. UPS Chief Executive Carol Tomé revealed…