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UPS commits over $2B to broaden international, healthcare, and supply-chain capabilities through 2028
business1 day ago

UPS commits over $2B to broaden international, healthcare, and supply-chain capabilities through 2028

UPS says it is investing more than $2 billion from 2024 through 2028 to expand its international, healthcare, and supply-chain offerings, funding new hubs in the Philippines and Ontario, a Hong Kong air hub, a Taiwan tech-enabled logistics center, and an Amsterdam facility, along with expanded flight routes, as well as a $48 million push into temperature-controlled facilities to support cold-chain healthcare shipments; the aim is to provide agile, end-to-end logistics tailored to industries facing macro pressures and disruptions.

via CNBC|
#business#healthcare#internationalexpansion
Tariff refunds flow back to shoppers as carriers repay duties
finance11 days ago

Tariff refunds flow back to shoppers as carriers repay duties

After the Supreme Court struck down Trump-era tariffs, roughly $100 billion in tariffs already refunded to companies is now being returned to consumers by shippers (FedEx, UPS, DHL), with refunds issued automatically where tariffs were paid by the buyer and rolled out in phases. FedEx has begun refunding about $800 million; UPS has filed for refunds and expects customers to see money 1–3 months after Treasury reimbursement; retailers largely plan to use refunds to lower prices rather than issue broad refunds, though some cases may involve direct reimbursements. Dozens of class-action lawsuits allege tariff‑driven price hikes, but proving the link to individual purchases is challenging; the overall pace depends on CBP processing of claims.

via Yahoo Finance|
#fedex#finance#shippers
UPS delivers Q2 beat, raises full-year guidance as turnaround gains traction
business28 days ago

UPS delivers Q2 beat, raises full-year guidance as turnaround gains traction

UPS beat expectations in Q2 2026 with revenue of $22.8B and adjusted EPS of $1.76, lifting full-year guidance to about $91.2B in revenue and roughly $7.22 in adjusted EPS. GAAP net income was $604M for the quarter, while adjusted earnings were $1.5B. The turnaround strategy—emphasizing network automation and healthcare logistics—produced 6% domestic and 12.5% international revenue growth, with supply chain solutions up 7.8%. Network-reconfiguration benefits reached about $1.2B, on pace for $3B by year-end, and shares moved slightly higher in premarket trading.

via CNBC|
#business#earnings#guidance
New NTSB Footage Points to Engine Detachment in UPS MD-11F Crash
transportation3 months ago

New NTSB Footage Points to Engine Detachment in UPS MD-11F Crash

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.

via CBS News|
#engine-separation#louisville-international-airport#md-11f
NTSB to probe engine separation that sparked deadly UPS MD-11 crash
technology3 months ago

NTSB to probe engine separation that sparked deadly UPS MD-11 crash

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.

via NBC News|
#aviation-safety#boeing#md-11
Amazon Opens Logistics Network to Outsiders, Sending UPS and FedEx Shares Lower
business3 months ago

Amazon Opens Logistics Network to Outsiders, Sending UPS and FedEx Shares Lower

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.

via CNBC|
#amazon#business#fedex
UPS jet narrowly avoids collision at Louisville airport as controller shouts 'What are you doing?'
metro4 months ago

UPS jet narrowly avoids collision at Louisville airport as controller shouts 'What are you doing?'

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.

via New York Post|
#aviation#kentucky#louisville
Labcorp taxiway lapse prompts go-around as UPS nears Louisville runway
us-news4 months ago

Labcorp taxiway lapse prompts go-around as UPS nears Louisville runway

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.

via CBS News|
#air-traffic-control#aviation#go-around
Record January Job Cuts Hit U.S. Economy, Led by Amazon and UPS
business6 months ago

Record January Job Cuts Hit U.S. Economy, Led by Amazon and UPS

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.

via CNN|
#amazon#business#challenger-gray-and-christmas
UPS Reforms Its Network by Shedding Amazon's Low-Margin Freight
business6 months ago

UPS Reforms Its Network by Shedding Amazon's Low-Margin Freight

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.

via The Motley Fool|
#amazon#business#labor-cuts
UPS to Trim 30,000 Jobs as It Shrinks Amazon Shipments
business7 months ago

UPS to Trim 30,000 Jobs as It Shrinks Amazon Shipments

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.

via BBC|
#amazon#business#earnings