UPS is facing sharp declines in package volumes, leading to a maintained rating despite expectations of continued volume slump.

2 reports, 1 independent Updated Sep 21

Gone quiet

Reports: 2
Developments: 1
Repetition: 50%

New informationRepeats or wire copies

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What happened

Some supportReported by 1 outlet

UPS is facing sharp declines in package volumes, leading to a maintained rating despite expectations of continued volume slump.

Who's involved

What this event is mainly about

Amazon Bank of America

Keep exploring

Part of

Amazon is reportedly controlling significant parcel volume in the U.S., while UPS is concurrently reducing the volume related to Amazon.

Also in this story

DHL is pausing shipments to America while UPS adds fees for US-bound imports, with Atlanta noted as a base for package delivery companies.Jun 7

All 4 developments

The entities involved

Amazon
American multinational technology company
- Nvidia is expanding its platform deployment across major cloud providers, including Google Cloud and Microsoft Azure.Mon 17:31
- Arianespace, a subsidiary of ArianeGroup, launched satellites for Amazon Leo constellation, supporting ESA's access to space.Mon 17:10
Bank of America
American multinational banking and financial services corporation
- Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America are competing in the global investment banking sector.Mon 17:24
- Both Bank of America and Deloitte have addressed current treasury management trends.Mon 14:26

Related events

Bank of America analysts downgraded the rating and lowered the price objective for a specialty retailer.Aug 26

Coverage

Newest first; wire copies grouped

Sep 21proactiveinvestors.com

1 more outlet ran the same wire story

Sep 21yahoo.com