Surcharges add up for parcel shippers – and there may be more to come
UPS is hitting cargo owners with multiple surcharges in the run-up to the peak season ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
SEEKING ALPHA reports:
– United Parcel Service (NYSE:UPS) slips after topping Q2 estimates, but setting guidance slightly below expectations.
– Revenue was up 10.2% in the U.S. domestic segment driven by a 13.4% increase in revenue per piece from strong improvement in all products. Segment adjusted operating margin was 11.6%.
– Revenue increased 30.0% in the international segment, led by strong growth in Europe. Segment adjusted operating margin was 24.7%….
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UPS stock changing hands at $192.88 @ 13:10 EDT, down 8.1% for the day; FedEx down 5.25%.
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