Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.

United Parcel Service said it will cut 20,000 jobs and shut 73 facilities to lower costs and to brace for a potential pullback from its largest customer, Amazon.

The United Parcel Service made the announcement alongside its Q1 2025 earnings report. UPS stock rose slightly on the news.

United Parcel Service's first-quarter profit beat market estimates and the parcel delivery giant said it will cut 20,000 jobs to lower costs in an uncertain economy and in anticipation of weak volumes ...

FedEx’s new deal comes nearly six years after its express business dropped Amazon, and about four months since archrival UPS ...

UPS sees consumer confidence and shipping volumes drop more than expected in February and March due to uncertainty ...

The two companies inked a multi-year agreement where FedEx will deliver large packages to Amazon’s residential customers. The ...

UPS CEO says Tariffs are reducing demand for delivery and shipping China tariffs could hit Amazon, Temu, Shein and other ...

A United Parcel Service logo is pictured on April 29, 2020 in New York City. For UPS specifically, it cautioned in January that it was expediting its plan to reduce millions of deliveries for its ...

Amazon.com has taken over the largest delivery business in the U.S., surpassing both UPS and FedEx in parcel volumes, postal service remains biggest delivery service. UPS is leveraging artificial ...