UPS has reached a $45 million settlement with the Securities and Exchange Commission over claims made by the agency that the carrier improperly valued its freight business in financial results reporting.
November 22, 2024Government, Business, For-Hire
UPS Settles With SEC Over Freight Business Valuation
Business, Technology, Logistics, For-Hire, Private, Global Freight
Consumers Switch to Slower Shipping, Squeezing UPS, FedEx
More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.
October 17, 2024Business, Logistics, For-Hire, Global Freight, Top 100, Top 50
FedEx Cuts Forecast After Tough Quarter for Deliveries
FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
September 19, 2024Government, Business, Technology
FedEx, UPS Warn of Delivery Delays From Global Tech Outage
FedEx and UPS warned of potential delays in package deliveries as the couriers grapple with the impact of a massive IT failure that is upending markets and crippling companies globally.
July 19, 2024Business, Logistics, For-Hire
UPS Names Brian Dykes New CFO
UPS Inc. named a company veteran to be its new chief financial officer after the parcel giant’s former finance leader left the company last month to focus on his health.
July 9, 2024Business, Logistics, For-Hire
FedEx’s Strong Profit Forecast Drives Stock Surge
FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.
June 26, 2024Business, Logistics, For-Hire
FedEx to Cut Up to 2,000 Europe Jobs
FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.
June 12, 2024