UPS to Close 27 Additional Parcel Facilities in 2026 as Part of Cost Restructuring
UPS plans to close 27 additional parcel distribution centers in 2026 as part of its cost restructuring efforts to improve profitability, which fell 25% in the first quarter. The company is reducing labor hours and positions while shifting focus from low-yielding e-commerce platforms like Amazon to premium segments. This move is expected to cut $3 billion in structural costs this year.
Topics: Amazon relationship cost-cutting facility closures logistics profitability revenue decline UPS restructuring workforce reduction