UPS Raises Sales Guidance After Shedding Low-Margin Amazon Packages
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. boosted its sales guidance for the year, suggesting the courier is benefiting from strong pricing as it works to shift volume from low-margin e-commerce shipments to more-profitable packages.
This strategic shift indicates a positive trend for UPS as it focuses on enhancing profitability amid changing market dynamics.
UPS
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“United Parcel Service Inc. boosted its sales guidance for the year, suggesting the courier is benefiting from strong pricing as it works to shift volume from low-margin e-commerce shipments to more-profitable packages.”
Bloomberg — UPS Raises Outlook After Shedding Low-Margin Amazon Packages