Amazon, which has been building out its own logistics network, delivered more packages than UPS in 2022. The move is “probably a win-win” for both Amazon and UPS, says Satish Jindel, president ...

UPS, which could actually end up being the big winner in its breakup with Amazon, is deeply unloved. Notably, its price-to-sales and price-to-earnings ratios are well below their five-year averages.

UPS plans to cut 20,000 jobs, automate 400 facilities, and reduce Amazon business, citing profitability concerns. Teamsters union vows to fight layoffs.

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles. The package delivery company said Tuesday that it ...