Investors are displeased, but the strategy of moving away from lower-margin deliveries makes sense in the long run.

It is not clear how many employees have been laid off but reports suggest that dozens of roles have been eliminated.

Amazon has paused testing of its delivery drones following a crash involving two of those drones, according to Bloomberg.

Amazon.com Inc. UPS’ core parcel operations have endured a prolonged demand trough as package volumes have fallen from pandemic-era peaks. Some customers also have traded down from premium to economy ...

For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for ...