Why UPS Stock Is Falling Today
It appears a deal between United Parcel Service (NYSE: UPS) and the U.S. Postal Service was not renewed for 2025, and investors are trying to make sense of what that would mean for the transportation company. Details remain scarce and investors loathe uncertainty, helping to push UPS shares down about 3% as of 2pm Eastern on Friday.
SurePost is a UPS service created in 2011 that offered lower rates in return for non-expedited transit and using postal carriers for final delivery. The service has been a hit with e-commerce companies and other customers valuing price over speed.
And while SurePost remains, there are questions about whether the Post Office is still involved. On Jan. 7, the Teamsters union representing UPS employees said on social media that "millions of packages moved away from SurePost and the United States Postal Service and returned to UPS package cars this month, now being sorted and delivered by hardworking UPS Teamsters."
Source Fool.com
United Parcel Service Inc. Stock
Our community is currently high on United Parcel Service Inc. with 45 Buy predictions and 6 Sell predictions.
With a target price of 105 € there is a positive potential of 22.68% for United Parcel Service Inc. compared to the current price of 85.59 €.
