A combination of service risks and price concerns led UPS to break away from the U.S. Postal Service for SurePost deliveries, UPS CEO Carol Tomé said on an earnings call Thursday. UPS was worried ...

The company is bringing in-house its SurePost partnership with the Postal Service, which should help drive profitability, and it is reconfiguring its U.S. network. UPS also said it has reached an ...

The earning report for Q4 showed $91.1 billion revenue. The company will restructure operations, cut labor hours, and in-source SurePost deliveries for smaller orders. The United States Postal ...

Good morning. My name is Greg Alexander, and I will be your facilitator today. I would like to welcome everyone to the UPS fourth quarter 2024 earnings conference call. [Operator instructions] It ...

UPS also said it would reconfigure its U.S. network and insource deliveries through SurePost, a home-delivery service for smaller packages that previously was coordinated with the U.S. Postal Service.

Another major recent change for UPS was an end to its relationship with the U.S. Postal Service for the final mile of its economy “SurePost” product. Tomé said that happened after the Postal ...

The company also said that effective Jan. 1, it had brought all of its UPS SurePost product in house. UPS had previously used the U.S. Postal Service for a portion of the last-mile delivery of ...

But there was a troubling sign: Low-margin shipments were flooding its network by utilising the company’s budget-minded SurePost option. As long as UPS could dump off some of those packages to ...

The insourced USPS business, known as SurePost, is the most profitable of those services, and the business from the China-linked e-commerce sellers is more profitable than the Amazon business ...