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The Latest UPS Headlines
Coronavirus Shifts Pricing Power to UPS and FedEx -- and They Are Using It
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<blockquote data-quote="cheryl" data-source="post: 4566458" data-attributes="member: 1"><p><a href="https://www.marketscreener.com/FEDEX-CORPORATION-12585/news/Coronavirus-Shifts-Pricing-Power-to-UPS-and-FedEx-and-They-Are-Using-It-31012240/" target="_blank"><strong>Coronavirus Shifts Pricing Power to UPS and FedEx -- and They Are Using It - Market Screener</strong></a></p><p></p><p>Online orders poured into Foot Locker Inc. in March, propping up business after the coronavirus pandemic forced the sneaker seller to close nearly all of its 3,000-plus stores.</p><p></p><p>By the end of June, Foot Locker had received notice from its longtime carrier, United Parcel Service Inc., that it would face a hefty rate increase on some of its shipping contracts, people familiar with the matter said.</p><p></p><p>Executives balked and are exploring moving that business to FedEx Corp. or other carriers, a person familiar with the matter said. A Foot Locker spokeswoman declined to comment.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4566458, member: 1"] [URL='https://www.marketscreener.com/FEDEX-CORPORATION-12585/news/Coronavirus-Shifts-Pricing-Power-to-UPS-and-FedEx-and-They-Are-Using-It-31012240/'][B]Coronavirus Shifts Pricing Power to UPS and FedEx -- and They Are Using It - Market Screener[/B][/URL] Online orders poured into Foot Locker Inc. in March, propping up business after the coronavirus pandemic forced the sneaker seller to close nearly all of its 3,000-plus stores. By the end of June, Foot Locker had received notice from its longtime carrier, United Parcel Service Inc., that it would face a hefty rate increase on some of its shipping contracts, people familiar with the matter said. Executives balked and are exploring moving that business to FedEx Corp. or other carriers, a person familiar with the matter said. A Foot Locker spokeswoman declined to comment. [/QUOTE]
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Coronavirus Shifts Pricing Power to UPS and FedEx -- and They Are Using It
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