United Parcel Service will shut another 24 facilities in 2026 as it reduces deliveries for Amazon.com in an ongoing shift toward more profitable business.
Shares of the company, which also announced fourth-quarter results that topped Wall Street estimates and forecast a surprise rise in annual revenue, rose 4% in midday trading. Shares of FedEx gained 2.6%.
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Source: Reuters | Published: 2026-01-27T11:11:08Z
Credit: Reuters
