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UPS News

UPS exploring same day delivery – Fox Business

The idea comes as the acceleration of e-commerce has pushed retailers to add more options

United Parcel Service Inc. is exploring a same-day option, a delivery model that has been employed by gig-economy players, as the pandemic has accelerated the shift to e-commerce.

“We don’t have a same-day product today, so we’re looking at it,” Chief Executive Carol Tomé said in response to a question on an investor-day webcast Wednesday. “We don’t have this all the way figured out, but we’ve got a team of people looking at it.”

She said the company is testing the concept and didn’t offer other details. A UPS spokesman said the company doesn’t comment on its pilot programs. The idea comes as the acceleration of e-commerce has pushed retailers to add more curbside and same-day delivery options.

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UPS “better” may be just as hard as “bigger” – Reuters

United Parcel Service had a good pandemic as business boomed in everything from online shopping to vaccine delivery. Its shares soared 90% in the year to Tuesday, with the company reaching a $183 billion market value. Wednesday’s investor day, in which Chief Executive Carol Tomé presented the company’s “Better, not Bigger” strategic framework, didn’t go over so well. Investors sent the stock down 5% by mid-afternoon.

UPS is going to concentrate on more lucrative packages such as those sent by small businesses and healthcare companies. The goal is to ensure deliveries are on time and to increase returns on invested capital from 22% in 2020 to as high as 29% in 2023..

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UPS shares fall as investors fret over post-pandemic growth plan – Reuters

United Parcel Service Inc shares fell as much as 6% on Wednesday as the company known for delivering everything from Amazon.com packages to coronavirus vaccines forecast disappointing post-pandemic U.S. margins.

UPS shares have nearly doubled over the last year – fueled by surging pandemic-related shipments of everything from food and furniture to medical masks and vaccines.

They pared losses to trade down 4.6% at $200.19 on Wednesday afternoon after falling as low as $197. That came as analysts pressed executives on how UPS will maintain momentum as demand moderates, pandemic surcharges roll off, and competitors – including its No. 1 customer, Amazon.com Inc – rise.

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UPS Driver Attacked In San Francisco Describes Vicious Robbery Attempt In Exclusive Interview – CBS SF Local

A UPS driver was just doing his job when a thief swiped a package from his car, and then beat him in the middle of a San Francisco street.

The victim opened up exclusively for the first time to KPIX 5’s Betty Yu.

“They start to hit me in my face, and they hitting me in my teeth, I lost two teeth here,” said Minh, describing the attack. “They hit in my back, and I fell down, and the wheel in the front they run over my feet.”

KPIX 5 obtained the viral video with permission from the driver who shot it on Thursday near Gough and Market streets around 2 p.m. It shows Minh trying to defend himself in the attack. The suspect beats him in the middle of the street before running off.

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UPS News

Here is Why Growth Investors Should Buy UPS (UPS) Now – NASDAQ

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market’s attention and produce exceptional returns. However, it isn’t easy to find a great growth stock.

That’s because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.

However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company’s real growth prospects.

Our proprietary system currently recommends United Parcel Service (UPS) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.