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The Latest Breaking News from Carol Tomé

UPS Offers $150,000 Buyouts to 100,000 Drivers as Shipping Giant Cuts Ties With Amazon

UPS is offering a $150,000 buyout to over 100,000 drivers as part of a strategic shift away from Amazon, aiming for a leaner, more automated business model.

International Business Times UK

The CEOs of Apple, Airbnb, and PepsiCo agree on one thing: life as a business leader is incredibly lonely

Leaders of billion-dollar behemoths including Airbnb’s Brian Chesky and Apple’s Tim Cook say the top job is isolating, and entrepreneurs should lean on peers to feel connected.

Fortune

UPS CFO on Amazon pullback and driving a growth strategy

Brian Dykes explains why UPS is prioritizing profitability over volume, and how refocusing its network is delivering results.

Fortune

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UPS Saw Its China Trade Plunge 20% — CEO Warns Tariff Fallout Isn't Over Yet

United Parcel Service Inc (NYSE:UPS) just delivered a warning that global trade turbulence is far from behind us. During the third-quarter earnings call, CEO Carol Tomé revealed that the courier giant's China-to-U.S. trade lane fell sharply as new tariff rules took effect. "We saw an over 20% decline in that…

Benzinga

UPS Cuts 20,000 Jobs, Closes Centers as Amazon Delivery Volume Drops

UPS to cut 20,000 jobs and close 73 facilities as it reduces Amazon deliveries and increases automation.

Latin Times

UPS Layoffs Update: Two Major Reasons Why 20,000 Workers Are About To Lose Their Jobs

Hit hard by US President Donald Trump's tariffs and softening demand, UPS is slashing 20,000 jobs as part of a $3.5 billion cost-cutting plan.

International Business Times UK

UPS ditched Amazon to be more profitable. Now it’s slashing 20,000 jobs and plans to close over 70 facilities

One of the world's biggest shipping companies is trying to reorganize just as global trade is upended.

Fortune

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UPS reveals it is cutting 20,000 jobs amid decrease in Amazon deliveries

Company also cited ‘uncertainty’ around wider global economy amid ongoing Trump tariffs

The Independent UK

UPS is hugely scaling back its Amazon shipping deal

UPS has confirmed plans to reduce its contract with Amazon by more than 50% by the second half of 2025.

TechRadar

Nike's Elliott Hill: Why retired CEOs keep coming back

Also: Wall Street: Trump’s rate cut demands are unlikely, Trump shrugs off Musk’s Stargate criticism.

Fortune

UPS Stock Insider Buying: 5 Key Reasons to Pay Attention

This top-ranking insider just made his first ever transaction, after first joining the company's board in 2009.

Barchart

AI isn’t coming for your job—at least not yet

So far, the technology has replaced only a small number of workers. But the future risks many more.

Fortune

30 Most Powerful Women In Business: The Titans Of Industry

Here are the women, who are forging paths and breaking barriers across industries, showcasing exceptional leadership and innovation.

International Business Times

The pandemic CEO: How executives who came to power forged the blueprint for a new kind of leader

The Fortune 500 companies that appointed new CEOs in the pandemic outperformed their peers. These 5 traits help explain why.

Fortune

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WEKU

UPS union negotiated a historic contract. Now workers have the final say

The Teamsters union reached a tentative deal with UPS, narrowly averting a nationwide strike. Rank-and-file union members are voting on whether to approve the contract.

WEKU

UPS union calls off strike threat after securing pay raises for workers

A tentative agreement between UPS and the Teamsters has averted a potential strike at the company. The deal will secure pay raises for part-time workers.

Tribune News Service

UPS-Teamsters labor talks stall as Aug. 1 strike threat looms

ATLANTA — Labor contract negotiations between Sandy Springs-based UPS and the International Brotherhood of Teamsters have stalled after an all-night bargaining session aimed at reaching a deal Wednesday.

Tribune News Service

UPS labor talks heat up as both sides race to prevent first strike in 25 years

With less than five weeks to go before the expiration of a United Parcel Service Inc. labor contract, talks to renew the agreement have moved into a critical phase as negotiators begin hammering out pay raises for about 340,000 workers.

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The Independent UK

CEOs got smaller raises. It would still take a typical worker two lifetimes to make their annual pay

After ballooning for years, CEO pay growth is finally slowing

The Independent UK

UPS strike looms in a world reliant on deliveries

The last time UPS workers walked of the job more than two decades ago, it crippled the shipping company

Tribune News Service

UPS reports $11.55 billion profit for 2022 as it continues to hike rates

UPS reported an $11.55 billion profit for 2022 and reached $100.34 billion in revenue for the year, as it continues to hike shipping rates.

Tribune News Service

UPS tackles rising labor costs, lower volume with higher shipping rates

UPS has seen lower shipping volumes than last year, but higher shipping rates have driven strong revenue and profits for the company, despite the uncertain economic environment.

Tribune News Service

Amazon is UPS's biggest customer — and biggest competitive threat

United Parcel Service (UPS) and its brown delivery trucks ruled American streets for decades.

Tribune News Service

UPS profit soared above $10B in '21, sales to top $100B in '22

UPS said its profit grew nearly ten-fold in 2021 and that revenue should top $100 billion this year, propelled by e-commerce growth and higher shipping rates.

Fortune

A new study shows former CFOs generally underperform as CEOs

UPS's Carol Tomé seems to be an exception to the rule.

People

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