UPS Shares Surge as U.S. Postal Service Reopens Last-Mile Delivery Network

UPS shares rose by as much as 1.1% on Wednesday following a decision by the U.S. Postal Service to reopen access to its last mile delivery network. This move reverses a 2024 policy implemented by then-Postmaster General Louis DeJoy, which had restricted UPS's access to postal service facilities handling last mile deliveries. The policy had saddled UPS with higher costs, as the company had to find alternative routes to complete deliveries. The reopening of access is expected to reduce operational costs for UPS and improve efficiency in its delivery process, providing a boost to the company's stock.