Market Chatter: UPS Pursuing Acquisition of Smartways Logistics

04:42 AM EST, 11/09/2026 (MT Newswires) -- United Parcel Service (UPS) is pursuing an acquisition of logistics provider Smartways from private equity firm The Riverside Company in a deal valued at about 600 million Australian dollars ($413.9 million), the Australian Financial Review reported Sunday, citing people familiar with the matter. The New York-listed package delivery company is expected to enter exclusive negotiations this week, according to the report. J.P. Morgan is advising Riverside on the potential sale, while UPS is handling negotiations without an outside financial adviser, the news outlet reported. UPS and Smartways did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)