|Bid||152.29 x 800|
|Ask||153.49 x 800|
|Day's Range||151.45 - 153.46|
|52 Week Range||133.68 - 197.80|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||15.43|
|Earnings Date||Jan 30, 2024|
|Forward Dividend & Yield||6.48 (4.30%)|
|Ex-Dividend Date||Nov 10, 2023|
|1y Target Est||163.67|
Subscribe to Yahoo Finance Plus to view Fair Value for UPS
Changes in ZIP codes mean that delivery area surcharges will apply to a larger share of the U.S. population. The post More parcel shippers likely to get caught in delivery surcharge net appeared first on FreightWaves.
Amazon (AMZN) has become the king of the hill when it comes to deliveries as the e-commerce giant, according to company documents released by the Wall Street Journal, delivered 4.8 billion packages by Thanksgiving this year — more than its competitors FedEx (FDX) and United Parcel Service (UPS). The company also estimates that it will reach 5.8 billion packages by the end of the year, outpacing its total deliveries compared to last year by 600 million. Scott Devitt, Wedbush Managing Director, Equity Research, joins Yahoo Finance to discuss why Amazon has continued to become a dominant force in the delivery business. "The way that the market share has changed is that more merchandise that's retail-oriented that's coming out of Amazon fulfillment centers is making up in the incremental market share gains that Amazon is getting from the other two providers and Amazon's not in the business of picking up packages and delivering, which I think is market share that's probably safe for UPS and FedEx because it rates the retail," Devitt explains. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Amazon shares rose after announcing an expanded partnership with Salesforce and a report Amazon surpassed FedEx and UPS to become the biggest U.S. package delivery firm.