United Parcel Service (NYSE: UPS) Q4 2024 Earnings Call Jan 30, 2025, 8:30 a.m. ET Good morning. My name is Greg Alexander, and I will be your facilitator today. I would like to welcome everyone to the UPS fourth quarter 2024 earnings conference call. [Operator instructions] It is now my pleasure to turn the floor over to your host, Mr.

Discover the impact of UPS SurePost contract ending with USPS. Explore changes in package delivery and solutions for P.O. box and rural customers.

UPS SurePost packages will be delivered by UPS drivers only after a contract between UPS and USPS expired this year.

UPS recently ended a contract with the United States Postal Service and delivery changes are coming to some post office box users as a result.

U.S. Postal Service (USPS) workers will no longer deliver UPS SurePost packages. Here's how fast you could get your deliveries.

"Millions of packages moved away from SurePost and the United States Postal Service ... Our Parcel Select product still exists and any business can use it now at our published rates." USPS had ...

UPS managed to negotiate a contract with USPS and took over its airlift needs from FedEx. The prior USPS-FedEx contract expired at the end of September 2024. UPS management expects the deal to be margin- and EPS-accretive in the first year.

The American Postal Workers Union is encouraging customers to contact elected leaders to make them aware of the problem.

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most profitable customer.

UPS stock dived to a multiyear low. The delivery giant said it has "reached an agreement in principle with its largest customer" — Amazon.com — "to lower its volume by more than 50% by the second half of 2026.

Gross domestic product (GDP) increased at an annual rate of 2.3% in the fourth quarter of 2024, according to the Bureau of Economic Analysis. And weekly jobless claims totaled 207,000 for the week ending January 25, a decrease of 16,000 from the 223,000 reported in the week prior, according to the Department of Labor.

United Parcel Service (NYSE: UPS) beat expectations for the fourth quarter, but the company's forecast for 2025 was well short of expectations, in part because of a high-profile break with partner Amazon (NASDAQ: AMZN).