Edition:
United States

Lisa Baertlein

UPS shares hit new high as pandemic drives healthcare, e-commerce shipments

Jul 30 2020

United Parcel Service Inc exceeded analyst estimates for quarterly profit and revenue on Thursday as pandemic-fueled rises in lucrative healthcare and air shipments helped offset a margin squeeze from surging e-commerce home deliveries, sending shares up as much as 17.6%.

Will investors look past Amazon's COVID-19 e-commerce costs?

Jul 29 2020

Investors' penchant for prioritizing growth over profit at Amazon.com Inc will be put to the test on Thursday, when investors absorb the impact of second-quarter pandemic-related costs that could top $4 billion.

U.S. restaurants whipsawed as pandemic re-closures sweep states

Jul 15 2020

Perbacco, the upscale Italian restaurant in San Francisco's Financial District, had a new takeout menu and a skeleton crew to offer outside service as the coronavirus pandemic first forced cities and states to cancel indoor dining.

As virus-wary shoppers opt for online purchases, retailers pay the price

Jul 15 2020

LOS ANGELESOnline sales may be a saving grace for pandemic-battered retailers with fewer shoppers in their stores. But many retailers, from department store chain Macy's Inc to essential retailer Target Corp, are grappling with higher expenses related to e-commerce.

Amazon begins rolling out bigger UPS and FedEx-style delivery trucks

Jul 10 2020

LOS ANGELES/CHICAGO Amazon.com is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc and FedEx Corp , as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc .

Amazon begins rolling out bigger UPS and FedEx-style delivery trucks

Jul 10 2020

LOS ANGELES/CHICAGO, July 10 Amazon.com is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc and FedEx Corp, as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc.

COVID-19 delivery surge strains FedEx service, opening doors for UPS

Jun 30 2020

LOS ANGELES A months-long flood of coronavirus-related e-commerce packages is straining service FedEx Corp , giving rival United Parcel Service Inc an opportunity to steal market share, customers and consultants told Reuters.

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