NYSE:UPSLogistics
UPS Restructuring And Network Overhaul Test Valuation And Dividend Story
UPS is rolling out a large scale "Network of the Future" modernization, closing 22 union staffed sortation centers this year and targeting up to 200 closures by 2030.
The company is reducing its exposure to lower margin Amazon deliveries and leaning more into areas such as healthcare logistics and small business shipments.
UPS has introduced a voluntary severance program covering about 105,000 drivers, with management indicating the changes could result in up to 30,000 job cuts.
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