UPS Raises Full-Year Outlook Despite Lower Delivery Volume Warning
Guidance·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
United Parcel Service Inc. has increased its full-year financial outlook, but warned of lower delivery volume due to a pullback in its relationship with Amazon.com Inc. This news has left investors feeling uneasy about the company's performance in the second half of the year.
The warning about reduced delivery volume comes as UPS navigates changes in its operational network, which has raised concerns among shareholders despite the positive adjustment to its sales forecast.
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“United Parcel Service Inc. warned of lower delivery volume after a pullback in its relationship with e-commerce giant Amazon.com Inc.”
Bloomberg — UPS Outlook Raise Leaves Investors Uneasy About Second Half