Amazon is planning to spend up to $4 billion to enhance its ability to deliver in rural areas. The e-commerce giant has ...

United Parcel Service said it is cutting 20,000 operational positions this year, moving to slash expenses after breaking ways with ... by UPS to reconfigure its network and reduce costs couldn ...

UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort that's linked to the delivery giant's decision to deliver fewer packages from Amazon ...

Amazon accounted for 11.8% of UPS' overall revenue in 2024. "The actions we are taking to reconfigure our network and reduce cost across our business could not be timelier," Tome said. Last year ...

related to separation benefits and lease related costs. Atlanta-based UPS had in January said it was accelerating its plan to slash millions of deliveries for its largest customer, Amazon.com ...

The company projects expenses between $400 million to $600 million during 2025, due to separation benefits and lease-related costs. Amazon last year accounted for 12% of UPS’s business ...

Both of those cost reductions are directly tied to the separation from Amazon, UPS’ largest customer. An additional 30% of the savings is attributed to lower fixed costs such as fewer buildings ...

FedEx and Amazon have signed a multiyear agreement for residential delivery of select large packages. Amazon has hired FedEx ...

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments ... our network and reduce cost across our business could ...

The deal with FedEx, signed in February, gives Amazon “cost favorability” compared with delivery rival UPS, Business Insider had reported, citing an internal document. The deal with FedEx ...

NEW YORK, April 29 (Xinhua) -- United Parcel Service (UPS) said Tuesday it is cutting 20,000 jobs this year, after deciding in January to reduce the amount of packages it delivers for Amazon ...