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(Bloomberg) United Parcel Service Inc. tumbled after the courier posted fourth-quarter sales below analysts’ estimates and provided 2024 guidance that missed expectations as higher labor costs and lower package demand crimps profit. Most Read from BloombergMusk Says First Neuralink Patient Received Implant in BrainTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million

Bloomberg businessweekCarol tomChristian wetherbeeChain solutionsBloomberg united parcel service incParcel serviceChief executive officer carol tomSuez canalCarol toméLabor costsUnited parcel service inc