Profits fell by a wider margin, as UPS reported a 32% drop in net income to $1.41 billion, down from $2.08 billion the same time last year and below estimates.

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 ...

United Parcel Service (UPS) shares plunged 12.1%, suffering the heaviest losses of any S&P 500 stock, after the package delivery giant's second-quarter sales and profits fell short of expectations.