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UPS Surpasses Earnings, Cuts Jobs Amid Strategic Overhaul

10/28/2025

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Summary

Story summary

United Parcel Service, Inc. (UPS) reported adjusted earnings of $1.74 per share, above expectations of $1.30.
UPS cut 34,000 jobs and closed 93 facilities as part of a cost-reduction strategy to save $3.5 billion by 2025.
The company expects fourth-quarter revenue of about $24 billion despite a 12.3% drop in average daily volume.
CEO Carol Tomé said significant strategic shifts are needed amid ongoing trade challenges and competition from FedEx.

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Story summary

United Parcel Service, Inc. (UPS) reported adjusted earnings of $1.74 per share, above expectations of $1.30.
UPS cut 34,000 jobs and closed 93 facilities as part of a cost-reduction strategy to save $3.5 billion by 2025.
The company expects fourth-quarter revenue of about $24 billion despite a 12.3% drop in average daily volume.
CEO Carol Tomé said significant strategic shifts are needed amid ongoing trade challenges and competition from FedEx.