Latest United Parcel Service Inc News

Estee Lauder to cut 3% to 5% of its employees after sales, profit slide in its most recent quarter

Feb. 05, 2024 11:20 AM EST

NEW YORK (AP) — Estee Lauder is cutting 3% to 5% of its global workforce as part of a restructuring program that aims to increase profits and become more nimble in a challenging international environment. The layoffs were announced Monday as the New York cosmetic giant reported...

Where the jobs are: Strong hiring in most industries has far outpaced high-profile layoffs

Feb. 03, 2024 13:32 PM EST

WASHINGTON (AP) — Blockbuster job growth in the past several months has coincided with high-profile layoff announcements by a number of large companies. So, how are both occurring at the same time? It's not as contradictory as it might seem. Recent job cuts have been concentrated...

General Motors, Nucor rise; Whirlpool, UPS fall, Tuesday, 1/30/2024

Jan. 30, 2024 16:15 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday: United Parcel Service Inc., down $12.96 to $145.06. The package delivery service announced about 12,000 job cuts five months after reaching a union deal calling for job creation....

UPS to cut 12,000 jobs 5 months after reaching union deal as revenue outlook for year disappoints

Jan. 30, 2024 15:41 PM EST

UPS will cut 12,000 jobs and released a revenue outlook for this year that sent its shares down sharply. The company also hinted that its Coyote truck load brokerage business may be put up for sale. UPS acquired the Chicago-based company for $1.8 billion in 2015. The...

UPS: Q4 Earnings Snapshot

Jan. 30, 2024 06:18 AM EST

ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported fourth-quarter net income of $1.61 billion. On a per-share basis, the Atlanta-based company said it had profit of $1.87. Earnings, adjusted for non-recurring costs and asset impairment costs, came...

Were your holiday deliveries stolen? What to know about porch piracy and what you can do about it

Dec. 21, 2023 06:49 AM EST

NEW YORK (AP) — You found the perfect holiday gift online. You ordered it. A notification arrived on your phone, showing the package had arrived. But when you open your doors, the parcel is nowhere to be found. If this has happened to you, then count yourself among the unlucky...