Welcome to our dedicated page for United Parcel Service news (Ticker: $UPS), a resource for investors and traders seeking the latest updates and insights on United Parcel Service stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect United Parcel Service's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of United Parcel Service's position in the market.
Rhea-AI Summary
UPS (NYSE: UPS) introduces the UPS Supply Chain Symphony™ platform, a new tool that integrates various supply chain components into a single platform, empowering customers to operate more efficiently, gain better visibility, and make strategic decisions. This cloud-based Software as a Service (SaaS) solution offers improved customer service, collaboration, asset utilization, and forecasting accuracy. It also integrates previously stand-alone UPS tools, including shipping services, logistics and distribution, freight forwarding, customs brokerage, supplier management, urgent transportation, mailing services, and logistics services through vetted carriers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
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Rhea-AI Summary
Quad-C Management, Inc. has closed the sale of its investment in MNX Global Logistics to UPS. MNX is a U.S.-based global time critical logistics provider specializing in life sciences, medical device, healthcare shipments, and mission-critical parts. Quad-C's investment in MNX exemplifies their history of partnering with market leaders in the transportation and logistics sector. The transaction terms were not disclosed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
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Rhea-AI Summary
UPS (NYSE: UPS) has announced its regular quarterly dividend of $1.62 per share on all outstanding Class A and Class B shares. The dividend will be payable on November 30, 2023, to shareowners of record on November 13, 2023. UPS has consistently maintained or increased its dividend each year since going public in 1999.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
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Rhea-AI Summary
UPS plans to hire at least 60,000 seasonal employees for the holiday season during a two-day hiring blitz called UPS Brown Friday. The hiring events will take place on November 3-4, both in-person and virtually across the U.S. Online applications can be completed in 20 minutes or less. UPS has an 86% promotion from within rate for permanent employees. Some seasonal positions may lead to long-term careers at UPS.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
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Rhea-AI Summary
UPS announces third-quarter 2023 results with consolidated revenues of $21.1B, a 12.8% decrease compared to last year. Operating profit was $1.3B, down 56.9% YoY. Diluted EPS was $1.31, a 56.1% decrease from 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.93%
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Rhea-AI Summary
UPS has announced its acquisition of Happy Returns from PayPal, a software and reverse logistics company that enables no-box, no-label returns. The deal will enhance UPS's digital solutions and expand its returns footprint, offering box-free, label-free returns at over 12,000 locations in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
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Rhea-AI Summary
UPS announces launch of Emergency Child Care Initiative and 2023 UPS Ignite Grant recipients
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
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Rhea-AI Summary
UPS to announce 2023 Q3 results on October 26
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
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News
Rhea-AI Summary
UPS to acquire MNX Global Logistics, enhancing precision and capability in healthcare logistics. MNX's expertise in radio-pharmaceuticals and temperature-controlled logistics will meet growing demand in the healthcare industry. Transaction expected to close by end of year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.03%
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Rhea-AI Summary
UPS strengthens network capabilities and enhances employee experience through automation, leveraging technology to reduce repetitive tasks and physical stress while promoting safety. Pick-and-place technologies will make jobs easier and safer for employees. Unloading technologies ease physically demanding roles and improve package care. Autonomous guided vehicles streamline movements and promote safety. Digital technologies decrease fraud for customers. 57% of packages processed through automated facilities. UPS continues to embrace transformative technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.03%
Tags
United Parcel Service, Inc.
NYSE:UPS
UPS Rankings
UPS Stock Data
118.63B
726.72M
0.01%
72.24%
1.22%
Couriers and Express Delivery Services
Transportation and Warehousing
United States of America
ATLANTA
About UPS
United Parcel Service is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has grown to become a Fortune 500 company and one of the worlds largest shipping couriers.