UPS (UPS) said on its Q1 earnings call earlier that the planned reductions are in line with the total Amazon (AMZN) volume decline.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPS:
- Teamsters says UPS contractually obligated to create 30,000 Teamsters jobs
- UPS price target lowered to $111 from $129 at BofA
- United Parcel Service (UPS) Cuts 20,000 Jobs as U.S. Economy Slows
- UPS Q1 Earnings: Strong Domestic Growth Offsets Supply Chain Hit
- Unusually active option classes on open April 29th