The U.S. Domestic Package segment offers time-definite delivery services for express letters, documents, packages and palletized freight through air and ground services in the United States.

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Equities were bolstered by a better-than-expected Producer Price Index (PPI) inflation print that showed upstream inflation effects are still cooling at a faster rate than initially expected.

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The deal with rival FedEx gives Amazon "cost favorability" compared to UPS, the report said. UPS said in January that it plans to shrink shipment volumes for Amazon, its largest customer ...