All articles tagged with #ups
New NTSB documents tie the UPS MD-11 crash to fatigue cracks in the engine-mount bearing race, showing Boeing had flagged similar failures in 2011 and that prior flaws largely went unreported; maintenance gaps left the critical parts unsafely under-inspected since 2021 as hearings continue, raising questions about reporting and oversight.
New NTSB video shows the left engine detaching in a fiery crash of a UPS MD-11F at Louisville on Nov. 4, 2025, killing 15 people (3 pilots and 12 on the ground). Investigators say metal fatigue caused the engine attachment to fail, and notes that the flight crew had been reassigned to the MD-11F after the original aircraft was retired following a fuel-leak issue. The crash led to the MD-11 fleet being grounded and retired by UPS, while FedEx is returning repaired MD-11s to service.
New footage released by the NTSB shows the left engine and its pylon detaching from UPS Flight 2976's MD-11F during takeoff near Louisville, triggering a crash that killed 15 people (3 crew members and 12 on the ground) and prompting ongoing investigations into the cause.
The National Transportation Safety Board is holding two days of hearings to determine why a UPS cargo plane’s engine separated from the aircraft, causing a deadly crash at Louisville’s Muhammad Ali International Airport and informing potential safety improvements.
Federal safety investigators will hold hearings this week to determine why a UPS MD-11’s engine separated from the wing on takeoff from Louisville, causing a crash that killed 15 people. The NTSB will examine contributing factors, including engine-mount cracks and maintenance gaps, and how Boeing’s prior guidance on the bearings was implemented; the final report isn’t expected for over a year. Some MD-11s are returning to service after bearing replacements, while UPS plans to retire its MD-11 fleet.
Amazon announced a new service, Amazon Supply Chain Services, letting external companies use its logistics network, sending UPS and FedEx shares down about 10% as Amazon positions itself as a major logistics rival. The program already has sign-ups from retailers like Procter & Gamble, 3M, Lands’ End and American Eagle Outfitters, leveraging Amazon’s fleet of cargo planes and warehouses to expand services beyond e-commerce.
A UPS Boeing 767 inbound to Louisville Muhammad Ali International Airport aborted its landing after nearly colliding with a smaller SKQ-25 taxiing on the runway; air-traffic control audio captured a controller shouting, 'What are you doing?' The crew executed a go-around and the FAA said required separation was maintained. This incident occurred at the Louisville hub, at the same airport where a fatal cargo-plane crash five months earlier killed 14 people.
A UPS cargo plane had to abort its landing at Louisville International Airport after a Labcorp jet on the taxiway briefly crossed the hold-short line, triggering alarms in the control tower and prompting a go-around for the UPS aircraft. The Labcorp pilot apologized, and UPS said its actions followed standard procedures with no operational impact; the FAA said required separation was maintained. The incident follows a deadly UPS crash at the same airport five months earlier.
January 2026 saw 108,435 announced U.S. job cuts, the worst January since 2009 and about three times December’s total, with nearly 40% tied to Amazon and UPS. The layoffs spanned transportation, tech, healthcare, chemicals and finance, and AI was cited in thousands of cuts. Private-sector hiring slowed (ADP: +22,000 in January), while unemployment claims rose to 231,000, signaling a sluggish start to 2026 despite some health-care hiring growth.
UPS is accelerating its plan to reduce Amazon as a customer, cutting tens of thousands of jobs and closing facilities in 2025 and planning more in 2026 to shrink low-margin volume and consolidate its network. While revenue will dip as Amazon's business fades, UPS is pushing higher-margin, per-piece revenue growth and expects margin improvement long term as the network is streamlined, with 2026 guidance around a 9.6% adjusted operating margin after earlier optimism for higher margins.
UPS says it will cut up to 30,000 jobs this year through buyouts and by not replacing voluntary departures as it reduces shipments for Amazon to improve margins. The move fits a broader plan to lessen Amazon dependence and reconfigure its network, following last year’s 48,000 jobs and 93 facilities cuts and ahead of more closures in 2026. The company posted $24.5 billion in quarterly earnings and forecast about $89.7 billion in next year’s revenue, and it is retiring its MD-11 cargo planes after a fatal crash.
UPS will cut up to 30,000 operational jobs and close 24 facilities in 2026 as it shifts toward higher‑margin shipments and continues winding down low‑margin Amazon deliveries; the cuts follow last year’s 48,000 job eliminations and aim for about $3 billion in annual savings, using attrition and a second voluntary separation program for full‑time drivers. The firm reported a fourth‑quarter beat and issued 2026 revenue guidance of about $89.7 billion, aided by stronger pricing per piece, but expects revenue to dip in the first half before rising again as the Amazon glide‑down ends.
UPS says it will cut about 30,000 more operational jobs this year as it winds down its Amazon relationship, part of a broader turnaround that has already reduced 48,000 positions; the plan includes around 25 million fewer hours of work, 24 building closures in early 2026, and continued automation, with roughly $3 billion in savings expected from the Amazon unwind. The company also plans a second voluntary separation program for full-time drivers, and shares rose after the earnings release.
UPS is set to report Q4 earnings with Street expectations of about $2.22 per share on roughly $24.01 billion in revenue. In Q3, U.S. daily volumes fell about 12.3% due to reduced Amazon volume and softer e-commerce demand, while international volumes rose about 4.8%. The removal of the de minimis exemption is seen as a headwind, with an estimated $75–$100 million impact expected in Q4. Cost-cutting and U.S. network reconfiguration are cited as potential positives, but the stock’s near-term upside looks limited, as TipRanks shows a Moderate Buy consensus (8 Buy, 8 Hold, 2 Sell) with an average target around $108.
The NTSB’s update on the Kentucky UPS MD-11F crash shows cracks in the engine‑mounting assembly. Boeing had identified this flaw on similar aircraft about 15 years ago and, in a 2011 service letter, told operators to perform a general visual inspection every five years and consider a revised bearing assembly—though Boeing said the issue did not pose a safety-of-flight risk. Investigators stress the engine attachment is critical and fatigue may have been involved, but the final cause of the crash has not yet been determined.