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 ...

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 ...

“That’s a competitive development,” he said. UPS’ CFO Dykes added that the shift with Amazon will mean a drop in “fixed costs” including reducing labor, closing up to 10% of UPS ...

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 ...

The move to scale back shipments for ... fees on UPS beginning Jan. 1, part of a broader push by the agency to stem persistent losses. Suddenly, the same golf shirt package would cost UPS $5. ...

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 ...

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

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 ...

UPS's stock suffers ... support the volume of Amazon packages. As that volume declines, the need to support those resources also declines, Tomé said, leading to lower costs and to increased ...

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 ...