United Parcel Service (UPS) Poised for Recovery After Challenging Quarter
Stock Analysis
After a three-year low, UPS stock is yet to recover, currently trading below its long-term average with a 25% loss over the past year. Market watchers predict further decline in net profit and revenue for the first quarter.
Workers’ Strike
Recently, UPS workers ratified a new five-year contract to avoid a potential strike. The deal covers over 300,000 employees and aims to improve wages and working conditions.
Revenue Drop, Strategic Moves
In Q4 2023, UPS saw a decline in adjusted earnings and revenues, though net income exceeded estimates. Amid muted shipping demand and labor challenges, the company is focusing on streamlining operations through layoffs to improve margins.
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