United Parcel Service (NYSE: UPS) Q4 2024 Earnings Call Jan 30, 2025, 8:30 a.m. ET Big Tech earnings, a key Fed meeting, and Trump's first full week in office: What to know this week

United Parcel Service (UPS) is set to implement significant changes to its SurePost service, which has long relied on the United States Postal Service (USPS) for final-mile deliveries, following the expiration of their recent contract,

U.S. Postal Service (USPS) workers will no longer deliver UPS SurePost packages after the government agency's contract with the parcel service expired this year. The International Brotherhood of Teamsters, a union representing UPS delivery drivers, confirmed the negotiated service agreement's expiration in a Facebook post last week.

Discover the impact of UPS SurePost contract ending with USPS. Explore changes in package delivery and solutions for P.O. box and rural customers.

With UPS and USPS's contract ending, people and businesses in the U.S. will receive their SurePost packages possibly a day earlier as the transit time decreases from two to seven days to two to six days, according to the parcel service. SurePost will no ...

United Parcel Service, Inc. ( NYSE: UPS) Q4 2024 Earnings Call January 30, 2025 8:30 AM ET PJ Guido - IR Officer Carol B. Tomé - CEO Brian Dykes - EVP and CFO Matt Guffey - EVP and Chief Commercial & Strategy Officer Nando Cesarone - EVP and President U.S. Kate Gutmann - EVP and President International, Healthcare and Supply Chain Solutions

U.S. Postal Service (USPS) workers will no longer deliver UPS SurePost packages. Here's how fast you could get your deliveries.

"Millions of packages moved away from SurePost and the United States Postal Service ... Our Parcel Select product still exists and any business can use it now at our published rates." USPS had ...

The Postal Service market is expected to grow from an estimated USD 246.9 billion in 2024 to USD 297.7 billion in 2033, at a CAGR of 2.10%.

“Robbery of a letter carrier will now allow us to put a $150,000 reward on your head,” she said. “That is up from $50,000 in a previous reporting poster. Postal inspectors can now offer a $100,000 reward for information leading to the identification, arrest and prosecution of those who steal US Mail, which is an increase from $10,000.”

UPS's stock tumbled 17% in midday trading, putting it on track to break the current record selloff of 12.1% seen on July 23, 2024. It was by far the biggest decliner in the S&P 500 index SPX and was also trading at the lowest prices seen since June 2020.

Q4 2024 Management View CEO Carol Tomé highlighted that UPS achieved consolidated revenue of $25.3B in Q4 2024, an increase of 1.5% year-over-year, with operating profit rising 11.2% to $3.1B. U.S. domestic operating margin exceeded 10% for the quarter.