News

Yahoo Finance16d
UPS to eliminate 20K jobs as Amazon decoupling accelerates
About 60% of UPS’s Amazon business is lossmaking. Meanwhile, UPS (NYSE: UPS) one year ago announced an aggressive strategy for network consolidation and automation aimed at improving ...
Hosted on MSN15d
Amazon Cuts Deepen: UPS to Lay Off 20,000 as Shipments Drop
This change is part of UPS’s “glide down” strategy, which aims to optimise its business model by focusing on more profitable clients and reducing dependence on Amazon. Despite this reduction ...
Reuters3d
Amazon signs up FedEx for residential deliveries
The deal with FedEx, signed in February, gives Amazon "cost favorability" compared with delivery rival UPS, Business Insider had reported, citing an internal document. The agreement will not ...
Amazon and FedEx reach multiyear deal for large package deliveries after UPS cuts back
FedEx and Amazon have signed a multiyear agreement for residential delivery of select large packages. Amazon has hired FedEx to handle some of its large package deliveries, the companies said on May ...
FingerLakes1.com15d
UPS, Amazon layoffs spark fears of deeper USPS fallout
UPS is cutting 20,000 jobs and slashing Amazon deliveries, raising questions about layoffs, USPS competition, and the future of the economy.
FedEx inks deal with Amazon to fill delivery gaps left by UPS - report
According to an internal document obtained by Business Insider, Amazon’s Extra Large delivery network expects to receive ...