UPS said in January it plans to shrink shipment volumes for Amazon, its largest customer, by more than 50 percent by the second half of 2026 to focus on fewer, but more profitable deliveries.

UPS plans to cut 20,000 jobs and close 73 facilities due to reduced Amazon deliveries. The company aims to save $3.5 billion in 2025 amid operational restructuring and cost-cutting.

In January, UPS announced its plan to cut its Amazon deliveries by more than half in an attempt to boost profits by focusing on high-margin parcels. The company also cut 12,000 jobs last year.

The impact of Amazon's missing volumes will accelerate in H2 2025 and UPS is likely to work around several measures to plug the hole and come up with higher margins on the other side. That's the ...

“For every job loss going back to UPS, 20,000 jobs lost, or what have you nationally, that probably would be at least another 10,000 jobs lost in the economy," said Lambert.

With help from Beyoncé and Shaboozey, Levi Strauss & Co. flexed top- and bottom-line strength in Q2. Net revenues rose 6.4% year over year to $1.4 billion, with e-commerce up 13%. Gross margin ...

UPS will eliminate about 20,000 jobs throughout 2025 as part of a major cost-cutting plan fueled by a decline in Amazon shipments. The Atlanta-based shipping giant revealed the job cuts in a ...

TYLER, Texas (KLTV) - Economist Dr. Ray Perryman says the tariffs imposed by President Donald Trump are resulting in a slowdown of deliveries at ports. Long term, he says the tariffs could have a ...

On Thursday, the courier offered its U.S. drivers a voluntary buyout as part of "the largest network reconfiguration in UPS history." ...