UPS is set to eliminate nearly 20,000 jobs and close 73 facilities by June, a strategic move following a significant reduction in shipping volume from Amazon, its largest customer. United Parcel ...

United Parcel Service (UPS) announced it will cut 20,000 jobs and shut down 73 store locations ... a new agreement, Amazon delivery volumes handled by UPS are expected to drop by over 50% by ...

A UPS spokesman said the layoffs are due to shedding 50% of shipping volume from ... drop in revenue. Shares in UPS slipped 0.3% in morning trading, while rival FedEx was off 1.1%.

The Atlanta-based shipping giant revealed the job cuts in a regulatory filing on Tuesday, April 29. UPS also plans to close 73 buildings by June as the company aims to save $3.5 billion by the end of ...

UPS plans to cut roughly 20,000 positions throughout its U.S. network in 2025 as the carrier moves forward with its plan to slash its Amazon ... Store, Drop Box and Access Point locations.

A UPS spokesman said the layoffs are due to shedding 50% of shipping volume from ... drop in revenue. Shares in UPS slipped 0.3% in morning trading, while rival FedEx was off 1.1%.

UPS is reducing Amazon shipping ... single-digit percentage drop in revenue. Shares in UPS closed down 0.4% on Tuesday, while rival FedEx (FDX.N), opens new tab closed off 0.8%.

UPS is holding off on confirming its prior annual financial projections “given the current macro-economic uncertainty” facing its customers. It also reported a drop in domestic package volumes ...

The initiative is aimed at preparing for a downturn in shipments from its largest customer, Amazon, and navigating ongoing economic uncertainty, says Reuters. Ahead of Tuesday's market open, UPS ...

He suggested customers go to the UPS’ online location finder and enter their Zip code to find the nearest drop-off location. In a statement on ... On Jan. 30, UPS announced it had reached an agreement ...

Just note that Amazon may charge a $1 fee if you choose UPS but another drop-off location was closer. If your items are eligible for UPS pickup, you won't even have to leave your house to complete ...