\n<\/p>\n
United Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026, adding to last year\u2019s job reductions as the delivery giant looks to accelerate a turnaround fueled by a pivot to higher-margin shipments.<\/p>\n
The company also beat Wall Street estimates for quarterly results in the all-important holiday period and forecast a surprise rise in annual revenue.<\/p>\n
UPS in January last year said it would accelerate a plan to slash millions of low-profit deliveries for Amazon, its largest customer and a growing delivery rival, calling the business \u201cextraordinarily dilutive\u201d to margins.<\/p>\n
The workforce reduction will \u201cbe accomplished through attrition and we expect to offer a second voluntary separation program for full-time drivers\u201d, chief financial officer Brian Dykes said on a post-earnings call.<\/p>\n
The company\u2019s shares were down 1% in premarket trading.<\/p>\n
UPS is also looking to rebuild its profitability and stabilize volumes following the end of US duty-free, \u201cde minimis\u201d low-value, e-commerce shipments.<\/p>\n
The company has cut 48,000 jobs, launched driver buyouts, and closed operations at 93 facilities in 2025 as it targets about $3bn in savings in 2026.<\/p>\n
UPS recorded a non-cash, after-tax charge of $137m related to writing off the MD-11 fleet following a deadly November crash. UPS said it completed the retirement of the fleet in the fourth quarter.<\/p>\n
The company projected 2026 revenue to be $89.7bn, compared with the $88.7bn it reported last year. Analysts on average had expected revenue of $87.94bn, according to data compiled by LSEG.<\/p>\n","protected":false},"excerpt":{"rendered":"
United Parcel Service on Tuesday said it would cut up to 30,000 operational roles in 2026, adding to last year\u2019s job reductions as the delivery giant looks to accelerate a turnaround fueled by a pivot to higher-margin shipments. The company also beat Wall Street estimates for quarterly results in the all-important holiday period and forecast<\/p>\n","protected":false},"author":1,"featured_media":42898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[4563,650,22520,304,1545,2622,2162,18744,1569],"class_list":{"0":"post-42897","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-aims","9":"tag-boost","10":"tag-couriersdelivery","11":"tag-cut","12":"tag-industry","13":"tag-jobs","14":"tag-turnaround","15":"tag-ups","16":"tag-year"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/42897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42897"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/42897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/42898"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}