Overview
- UPS reported adjusted earnings of $1.74 a share on revenue of $21.4 billion for the third quarter, topping Wall Street expectations.
- The company disclosed about 48,000 job reductions this year, including roughly 34,000 operational roles and 14,000 management positions, and said daily operations have ceased at 93 buildings.
- Cost actions have delivered approximately $2.2 billion in savings through Sept. 30, with a target of $3.5 billion in year-over-year savings for 2025.
- UPS issued fourth-quarter guidance of about $24 billion in revenue with an operating margin of 11% to 11.5%, signaling confidence heading into peak season.
- The mix shift continued as UPS works to cut Amazon volume by more than 50% by late 2026, with revenue per package up about 9.8% even as average daily volume fell roughly 12.3%, and shares surged in response to the update.