The Business Times

UPS

Transport & Logistics

UPS, FedEx scramble to shore up networks drained by deadly crash

The grounding has drained capacity and complicated operations for the world’s largest package delivery companies just as shipping volumes surge for the peak period to Christmas

A drone view of the crash site next to a runway at the Muhammad Ali International Airport following the crash of a UPS cargo plane in Louisville, Kentucky, Nov 7, 2025.
Transport & Logistics

UPS to ground 9% of its airline fleet after plane crash

UNITED Parcel Service said it will ground its McDonnell Douglas MD-11 planes, accounting for about 9 per cent of its fleet, after a crash this week.

The McDonnell Douglas MD-11, operated by package delivery giant UPS and bound for Hawaii, crashed at 5.15 pm (2215 GMT) Tuesday, shortly after departing from Louisville Muhammad Ali International Airport.
Transport & Logistics

Engine fell off UPS cargo plane before deadly crash: official

THE death toll from a cargo plane crash in the southern US state of Kentucky rose to 12 on Wednesday, with investigators saying the accident was caused by one of the engines catching fire and detachin...

Smoke rises from the wreckage of a UPS MD-11 cargo jet after it crashed on departure from Louisville Muhammad Ali International Airport in Louisville, Kentucky, Nov 4, 2025.
Transport & Logistics

UPS cargo plane crashes in Kentucky, leaving at least 3 killed, 11 injured

AT LEAST three people were killed and 11 injured after a UPS wide-body cargo plane crashed in Louisville, Kentucky, erupting into a massive fireball shortly after takeoff, Kentucky Governor Andy Beshe...

UPS reported profits of US$1.3 billion in the third quarter, down 14.8 per cent from the year-ago level.
Companies & Markets

UPS deepens job cuts to 48,000 on reduced Amazon deliveries

UPS is cutting some 48,000 jobs as part of a major reorganisation connected to a planned reduction in delivery services for Amazon packages, company officials said on Tuesday.

UPS expects fourth-quarter revenue of about US$24 billion, slightly ahead of expectations.
Transport & Logistics

UPS stuns Wall Street with strong profit and 34,000 job cuts

The company has closed daily operations at 93 leased and owned buildings in 2025

Extensive tariffs have slowed down trade and led companies to reduce costs, which in turn has lowered the need for services between firms and hurt UPS’ performance in its domestic market.
Transport & Logistics

UPS profit beats estimates, to cut 20,000 jobs on economic worries

The parcel giant is not providing any updates to its full-year outlook due to the economic uncertainty

The company deploys fixed robotic arms and AI-driven software in its high-tech Velocity facilities.
Transport & Logistics

UPS in talks with startup Figure AI to deploy humanoid robots

A growing number of startups and Big Tech firms are seizing on recent advances in AI technology to develop robots that look and move more like people

The move to scale back business with Amazon.com by 50 per cent will allow UPS to focus on more profitable shipments.
Transport & Logistics

UPS breaks with Amazon to take ‘control of own destiny’

UNITED Parcel Service (UPS) suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer.

Thursday’s earnings report marks the first period of year-over-year growth in adjusted earnings per share after six quarters of declines.
Companies & Markets

UPS sees profit growth for first time in nearly 2 years

Adjusted third-quarter earnings were US$1.76 per share

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