UPS needs to see an improving delivery volume environment in 2024. Investors should keep an eye out for UPS' next earnings report on July 23.
Delivery volume growth should turn positive in 2024. UPS was hit with increased costs in 2023, but they should drop out of comparisons through the year.
The deal is likely to help United Parcel Service (UPS) concentrate on its core businesses.
Famed investor Jim Cramer is not all that excited about United Parcel Service Inc (NYSE: UPS) opting to sell its Coyote Logistics business to RXO Inc (NYSE: RXO). Shares of both companies are still up significantly on Monday.
United Parcel Service Inc (NYSE:UPS) said it has agreed to sell its Coyote Logistics division to RXO for about $1 billion, about $0.6 billion less than it paid for the freight brokerage company. “As UPS positions itself to become the premium small package provider and logistics partner in the world, the decision to sell our Coyote Logistics business allows an even greater focus on our core business,” UPS CEO Carol Tomé said in a statement.
The transportation giant announced Sunday it had offloaded the third-party logistics provider.
United Parcel Service , the world' biggest parcel delivery firm, on Sunday said it would sell its Coyote Logistics business unit to RXO for $1.025 billion.
In the closing of the recent trading day, United Parcel Service (UPS) stood at $136.60, denoting a -0.2% change from the preceding trading day.
UPS stock is bolstered by e-commerce growth and strong liquidity. However, weak demand poses a significant threat.
United Parcel Service (UPS) closed the most recent trading day at $136.87, moving +1.99% from the previous trading session.
Given its better prospects, we believe Disney stock (NYSE: DIS) is a better pick than UPS stock (NYSE: UPS). The decision to invest often comes down to finding the best stocks within the scope of certain characteristics that suit an investment style.
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