He says UPS shares jumped roughly 8% on the news ahead of the holiday rush, a sign Wall Street rewards leaner operations even ...

United Parcel Service (UPS) began the year with nearly half a million employees but has since cut about 48,000 jobs in a major cost-cutting push to boost profits, remain competitive, and regain ...

The phone call was brief, but its impact was seismic: a major Texas freight company announced nearly 9,000 job cuts across ...

United Parcel Service will slash 12,000 jobs and workers who survive the massive layoffs will be ordered to return to the office five days a week, the company said Tuesday. The Atlanta-based firm ...

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles. The package delivery company said Tuesday that it ...

UPS announced plans to cut 12,000 jobs this year amid a slowdown in delivery volume, a plan the shipping giant says could save the company $1 billion. The daily average shipping volume is down 7.4 ...

UPS beat Q3 earnings expectations after cutting 48,000 jobs and closing 93 facilities. Analysts and workers alike are asking: ...

ATLANTA - United Parcel Service said Sunday it agreed to sell its Coyote Logistics division to RXO for just over $1 billion — less than it paid for the freight-brokerage company in 2015 — to focus ...

FILE - A United Parcel Service truck is parked on a street, in New York, Thursday, May 11, 2023. (AP Photo/Richard Drew, File) UPS will pay $45 million to settle charges that it improperly valued its ...

UPS confirmed in a service alert that it has resumed air cargo operations at its Worldport hub after the temporary shutdown. The company said operational adjustments are being made to realign Air ...