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Record January Job Cuts Hit U.S. Economy, Led by Amazon and UPS
business29 days 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
business1 month 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
business1 month 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
UPS to Cut Up to 30,000 Jobs, Close 24 Facilities in Push for Higher Margins
business1 month ago

UPS to Cut Up to 30,000 Jobs, Close 24 Facilities in Push for Higher Margins

UPS will cut up to 30,000 operational jobs and close 24 facilities in 2026 as it shifts toward higher‑margin shipments and continues winding down low‑margin Amazon deliveries; the cuts follow last year’s 48,000 job eliminations and aim for about $3 billion in annual savings, using attrition and a second voluntary separation program for full‑time drivers. The firm reported a fourth‑quarter beat and issued 2026 revenue guidance of about $89.7 billion, aided by stronger pricing per piece, but expects revenue to dip in the first half before rising again as the Amazon glide‑down ends.

via NBC News|
#amazon#business#layoffs
UPS trims 30,000 jobs as Amazon unwind accelerates turnaround
business1 month ago

UPS trims 30,000 jobs as Amazon unwind accelerates turnaround

UPS says it will cut about 30,000 more operational jobs this year as it winds down its Amazon relationship, part of a broader turnaround that has already reduced 48,000 positions; the plan includes around 25 million fewer hours of work, 24 building closures in early 2026, and continued automation, with roughly $3 billion in savings expected from the Amazon unwind. The company also plans a second voluntary separation program for full-time drivers, and shares rose after the earnings release.

via CNBC|
#amazon#automation#business
UPS Prepares for Q4 Earnings Amid Mixed Volume Trends
market-news1 month ago

UPS Prepares for Q4 Earnings Amid Mixed Volume Trends

UPS is set to report Q4 earnings with Street expectations of about $2.22 per share on roughly $24.01 billion in revenue. In Q3, U.S. daily volumes fell about 12.3% due to reduced Amazon volume and softer e-commerce demand, while international volumes rose about 4.8%. The removal of the de minimis exemption is seen as a headwind, with an estimated $75–$100 million impact expected in Q4. Cost-cutting and U.S. network reconfiguration are cited as potential positives, but the stock’s near-term upside looks limited, as TipRanks shows a Moderate Buy consensus (8 Buy, 8 Hold, 2 Sell) with an average target around $108.

via TipRanks|
#amazon#earnings-estimates#logistics
Old engine-mount flaw flagged by Boeing years before UPS crash, NTSB reveals
technology1 month ago

Old engine-mount flaw flagged by Boeing years before UPS crash, NTSB reveals

The NTSB’s update on the Kentucky UPS MD-11F crash shows cracks in the engine‑mounting assembly. Boeing had identified this flaw on similar aircraft about 15 years ago and, in a 2011 service letter, told operators to perform a general visual inspection every five years and consider a revised bearing assembly—though Boeing said the issue did not pose a safety-of-flight risk. Investigators stress the engine attachment is critical and fatigue may have been involved, but the final cause of the crash has not yet been determined.

via BBC|
#boeing#engine-mount#md-11
NTSB: Boeing Knew of Recurrent Engine-Mount Flaws Before UPS Louisville Crash
technology1 month ago

NTSB: Boeing Knew of Recurrent Engine-Mount Flaws Before UPS Louisville Crash

The NTSB says a recurring crack in the left-engine mounting on a UPS cargo plane that crashed in Louisville may have contributed to the disaster; Boeing had previously said such fractures would not affect flight safety, and the same flaw has appeared in at least four other instances on three airplanes, though investigators have not yet determined a final cause.

via The New York Times|
#aviation-safety#boeing#engine-mount