Though Amazon was previously UPS’ largest customer, the two companies are in the process of gliding down operations together. UPS said Tuesday it expects a total of $3 billion in savings related to the Amazon unwind.
The U.S. Postal Service will soon deliver some UPS Ground Saver packages again after the two delivery giants finalized a renewed agreement
The United States Postal Service is deeply saddened by the news of the United Parcel Service (UPS) air cargo accident in Louisville, KY.
A UPS wide-body cargo plane crashed on Tuesday and erupted into a fireball moments after takeoff from the international airport in Louisville, Kentucky, killing seven, including all three aboard, and injuring 11 on the ground
The move is part of a multi-pronged effort at UPS to reduce costs in the face of declining volumes in its domestic parcel business.
United Parcel Service (UPS) has signed a new letter of agreement with the UPS Teamsters National Negotiating Committee to begin retrofitting 5,000 package cars with air conditioning for the hottest delivery zone in the country.
But UPS said it experienced more delivery stops than it had anticipated with Ground Saver, whose volume declined 23% in the second-quarter, year-over-year. UPS said it has reengaged with the USPS and pointed to the Postal Service’s new leadership and its excess capacity
The service, which used to rely on the USPS before a breakup this year, posed challenges for UPS in Q2 due to higher-than-expected costs.
The U.S. Postal Service shipped fewer packages and letters by air and reduced spending by 43% in the first three months after UPS took over a primary air cargo contract from FedEx
The shakeup could push more deliveries to USPS and FedEx—but it’s unclear whether USPS can absorb major volume shifts without disruption