LOS ANGELES : The US postal service said on Wednesday it would again accept parcels from China and Hong Kong, reversing a 12-hour suspension after President Donald Trump scrapped an exemption used by ...

The U.S. Postal Service is reversing course a day after placing a ban on all inbound packages from China and Hong Kong.

Shares of Amazon.com and PDD Holdings, the owner of popular Chinese shopping app Temu, fell on Wednesday after the U.S. Postal Service said it would stop accepting parcels from China and Hong Kong.

The United States imports about 3 million parcels a day with almost no customs inspection and no duties collected — with most ...

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JPMorgan lowered the firm’s price target on UPS (UPS) to $120 from $135 and keeps a Neutral rating on the shares post the Q4 report. The ...

CEO Carol Tomé said in an earnings call that while Amazon is the shipping giant's biggest customer, it is not the most profitable. The companies' contract was expiring, and UPS l ...

UPS stock fell by 14%, after it announced an agreement that would cut its delivery business with Amazon by 50%.

The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.

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 ...

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...

For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for ...