UPS CEO says ‘became clear’ momentum could be lost if challenges not faced
CEO Carol Tome says the company’s actions are being made to face three key challenges “head on.” The company’s “largest customer” is ...
UPS unveils cost-cutting push as tepid parcel shipment demand weighs on outlook
UPS' revenue guidance for the 2025 fiscal year missed analysts' estimates, while the shipping giant also announced a multi-year drive to restructure its key U.S. network as it contends with signs of ...
UPS to cut Amazon business by more than 50%, and stock heads for record selloff
UPS said it reached an agreement in principle with its largest customer to lower its volume by more than 50% by the second half of 2026. In UPS's latest annual report, the company singled out ...
UPS Sees 2025 Revenue Slipping, Plans to Halve Volumes with Amazon — Update
The company said it had reached an agreement in principle with its top customer to lower volume by more than 50% by the second half of 2026. In its 2023 annual report, UPS said Amazon and its ...
UPS Faces Growth Concerns: Analyst Issues Sell Rating Amid Discrepancies in EPS Guidance
Morgan Stanley analyst Ravi Shanker maintained a Sell rating on United Parcel (UPS – Research Report) yesterday and set a price target of ...
SJ family desperate to find father's ashes after USPS delivered them to wrong address
A San Jose mother and son desperate to get his father's cremated remains after the U.S. Postal Service said they were delivered to the wrong address. Fifty-four-year-old Michael Voorhees's life was ...
UPS Sees 2025 Revenue Slipping, Plans to Cut Volumes with Top Customer
The company said it had reached an agreement in principle with its top customer to lower volume by more than 50% by the end of 2025. UPS has also decided to insource all of its UPS SurePost products ...