Originally published at: UPS to close 27 additional parcel facilities in 2026 - FreightWaves
UPS announced that it will eliminate a total of 51 parcel distribution centers this year as part of a network downsizing effort, as it reported lower profits that still topped consensus forecasts by analysts.
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Let’s go back to 2020 when ups was the number one logistics company out there delivering essentials to homes during the pandemic when a signed a contract with Amazon for direct loads to be delivered and then all of a sudden the fraudulent labels were coming through. Carol did a great job by eliminating positions/departments that help the company save money for example high values clerks, The iE department that helped reduce Amazon claims. Laying off staff that made the service level run down to the floor, keeping her as ceo was ups biggest mistake!
Now this is the price ups is paying.