Street View: Cost cuts give UPS second wind
Delivery firm United Parcel Service UPS.N to cut up to 30,000 jobs, close 24 more sites in 2026 as it reduces Amazon deliveries for more profitable business
Co projected 2026 revenue of $89.7 billion vs $88.7 billion in 2025
UPS TRIMS AND POWERS UP
J.P. Morgan ("neutral," PT: $107) says cost‑saving efforts should start paying off in H2 2026, normalize cost per package, as it continues to streamline network
Citigroup ("buy," PT: $120) says stronger revenue mix and planned cost cuts should help, but flags near term macro, execution risks
Morningstar (fair value: $113) expects margins improvement, including reduced driver turnover and from recovery in B2B volumes
Jefferies ("buy," PT: $130) upbeat about Q4 and 2026, expects biggest benefits in late 2026-2027 post Amazon transition and near term cost pressures
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