Last updated: 2026-01-27 20:51:02 ET
UPS says it has retired its fleet of McDonnell Douglas MD-11 cargo planes just months after one crashed in Louisville, killing 15 people
UPS also slashed a whopping 48,000 jobs last year, including 34,000 operational roles and 14,000 in management.
The move comes after after the shipping giant eliminated 48,000 positions in 2025.
UPS executive said the delivery company is moving to cut costs and plans to offer a voluntary separation program for full-time drivers.
United Parcel Service adds to 2025 job reductions as delivery giant slashes low-profit Amazon deliveriesUnited Parcel Service on Tuesday said it would...
UPS has accelerated the retirement of its MD-11 freighter fleet because they will likely require extensive repairs to make them airworthy following a ...
UPS trades on a 30% discount to the S&P 500 on a price-to-earnings basis with a dividend of roughly 6%.
