UPS Streamlines Operations, Cuts Costs For Higher Returns - United Parcel Service (NYSE:UPS)

UPS Plans to Offer Voluntary Buyouts to Union Drivers

UPS plans to offer voluntary buyouts to union-represented delivery truck drivers as the company works to slim down its operations.

UPS Streamlines Operations, Cuts Costs For Higher Returns - United Parcel Service (NYSE:UPS)

United Parcel Service (NYSE:UPS) is strategically navigating a challenging economic landscape, focusing intensely on internal efficiencies and cost reduction to bolster profitability and deliver higher returns for investors. Bank of America analyst Ken Hoexter reiterated the Buy rating on United Parcel Service on Wednesday, with a price forecast of $115. Hoexter described United Parcel Service as one of the three global integrators offering expo…

UPS drivers to receive buyout offer as company shrinks parcel network

UPS will offer an early retirement package to drivers as it looks to cull 20,000 workers amid slower parcel growth.

Switch to UPS saved US Postal Service 43% in air transport 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