UPS raised its full-year financial guidance, expecting to benefit from high prices and resilient demand through the holiday season. CEO Carol Tomé intends to lead the company for at least two more years to negotiate a new labor deal with its unionized Teamsters drivers. Bloomberg's Lee Klaskow says UPS is shifting away from low-margin business-to-consumer packages tied to Amazon toward higher-margin areas such as data centers, healthcare, pharmaceuticals and automotive, with high-tech volumes up around 30% even as overall volume fell. UPS shares are up about 4% year to date, versus about 30% for FedEx and about 25% for DHL, and the stock is still seen as a show-me story amid restructuring and execution risks. The commentator also expects costs to go up in the coming negotiation, while the fuel-cost discussion in the article is cut off.
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