91ÊÓƵ

The company has also shifted its technology support functions in recent months to third-party tech vendors.

As of Aug. 29, President Donald Trump is ending the de minimis exemption that has applied to more than 4 million parcels flowing through the U.S. each day, driven largely by e-commerce.

UPS has struggled to get a handle on volatility in the market, underscoring the challenges for the courier’s effort to reconfigure its network and revitalize its business.

UPS expects to cut 20,000 jobs this year and close dozens of facilities as it dramatically reduces shipments for e-commerce giant Amazon.

UPS Inc. agreed to acquire Canada’s Andlauer Healthcare Group Inc. for $1.6 billion, building out the package handler’s growing business transporting goods for health care customers.

UPS Inc. has been quietly building a health care empire to offset stagnating revenue in its core package delivery business.

Adobe Analytics expects consumers to spend a record $13.2 billion on Dec. 2, 6.1% more than last year. That would make it the season’s — and the year’s — biggest shopping day for e-commerce.

UPS has reached a $45 million settlement with the Securities and Exchange Commission over claims made by the agency that the carrier improperly valued its freight business in financial results reporting.

UPS Inc. posted a year-over-year increase in revenue during the third quarter of 2024 despite challenging market conditions, the company reported Oct. 24.

More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.