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UPS boosts volume in US for first time since 2022, but profit and revenue slide
Read full article: UPS boosts volume in US for first time since 2022, but profit and revenue slideUPS managed to boost its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street’s expectations partly due to a hefty charge.
UPS to cut 12,000 jobs 5 months after reaching union deal as revenue outlook for year disappoints
Read full article: UPS to cut 12,000 jobs 5 months after reaching union deal as revenue outlook for year disappointsUPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply.
Demand for delivery boosts UPS revenue, but costs rise too
Read full article: Demand for delivery boosts UPS revenue, but costs rise tooUPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, is reporting strong profits and revenue in its most recent quarter. (AP Photo/Wilfredo Lee, File)ATLANTA – Profit and revenue are rising at UPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, but so are costs. UPS shares fell 8.8%, their biggest one-day percentage drop in nearly six years. Unlike the domestic package business, profit rose in the company's international package and freight units. UPS shares have nearly doubled since May, reflecting the pickup in the delivery business.