Shares of logistics firm United Parcel Service were up early Wednesday after a couple of positive actions from Wall Street analysts.
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Wells Fargo says the USPS continues to prioritize yield improvements due to its financial challenges. Every USPS product has shown an increase in revenue per piece (RPP), ranging from 2% to 11% year-over-year, signaling a need for ongoing price adjustments.
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Will banks, post offices and shipping services be open on MLK Day? Here's what you need to know for Monday, Jan. 20.
This year, the holiday falls on Monday, Jan. 20. It's a federal holiday, which means government agencies, banks and many corporate offices will closed for the day.
PHILADELPHIA -- A change to how some packages are delivered is causing confusion for some customers. UPS SurePost packages are no longer being delivered by the United States Postal Service after a contract between the two entities expired. The union representing UPS workers says it's like the holiday season never ended.
While most government functions will not be operating on Monday, most grocery stores, big box stores and restaurants will remain open. Major chain stores such as Target, Costco, Walmart, The Home Depot, Jewel-Osco and Mariano's will remain open on the holiday.
The change returns millions of packages to UPS package cars for final-mile delivery. "Millions of packages moved away from SurePost and the United States Postal Service and returned to UPS package cars this month, now being sorted and delivered by hardworking UPS Teamsters," the union said in a Facebook post.
U.S. Postal Service (USPS) workers will no longer deliver UPS SurePost packages after the government agency's contract with the parcel service expired this year. The International Brotherhood of Teamsters, a union representing UPS delivery drivers, confirmed the negotiated service agreement's expiration in a Facebook post last week.