CBL & Associates Properties Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

CBL & Associates Properties, Inc. is a self-managed, self-administered, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties. The Company’s portfolio is comprised of approximately 108 properties totaling over 68.2 million square feet across 26 states and are primarily in the southeastern and midwestern United States. Its properties include over 68 enclosed, outlet and open-air retail centers and over nine properties managed for third parties.

This security is an American depositary receipt
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Closing Price
Day's Change
0.073 (10.28%)
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UPS plans big holiday fees amid coronavirus-related shipment surge

11:56 am ET August 7, 2020 (MarketWatch)

By Paul Ziobro

New surcharges for big customers could reach $3 a package for ground shipments, $4 for air, as pandemic boosts online shopping

United Parcel Service Inc. plans to impose hefty fees on large shippers during the holiday season, reflecting the added complexity and cost of an expected crush of online orders amid the coronavirus pandemic.

The fees will test the ability of large retailers such as Amazon.com Inc. (AMZN) and Target Corp. (TGT) to offset costs during a holiday season when they will likely be more reliant on online orders, with shoppers skittish about crowded stores.

UPS (UPS) on Friday said the fees could total as much as $3 a package for ground shipments and other lower-priced shipping options and up to $4 a package for air shipments bound for residences.

That is significantly higher than the last time UPS instituted additional fees during a peak holiday season, in 2018. Surcharges then reached 28 cents on ground shipments and up to 99 cents for some air shipments.

The newly planned fees come as UPS as well as rival FedEx Corp. (FDX) try to offset significantly higher costs from the influx of packages flowing through their network.

An expanded version of this report appears at WSJ.com (https://www.wsj.com/articles/ups-plans-hefty-holiday-fees-for-large-shippers-11596807525?mod=mktw).

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-Paul Ziobro; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 07, 2020 11:56 ET (15:56 GMT)

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