UPS plans to eliminate 30,000 jobs and 24 facilities to boost growth by parting ways with Amazon. Despite a 10.6% decrease in domestic volumes, restructuring led to better-than-expected earnings. The company saved $3.5 billion last year by cutting 48,000 jobs and closing 93 distribution centers.

UPS aims to reduce Amazon volumes by 50% by 2026, as 60% of current Amazon business is unprofitable. A million fewer Amazon parcels are expected to be handled daily this year. The company plans to save $3 billion in 2026 by cutting jobs, reducing operating hours, and closing facilities.

The company’s fourth-quarter revenue was $24.5 billion, down 3.2% year over year. Operating margin rose to 8.5% due to revenue per piece increasing by 7.1%. International package revenue grew 2.5% to $5.1 billion. UPS expects full-year revenue to remain flat at $89.7 billion.

UPS will not resurrect its MD-11 fleet after a crash, taking a $137 million charge. The company is shifting focus to more profitable B2B services and right-sizing efforts to increase profits. Management expects a profit dip in the first half of 2026 before rebounding later in the year.

Read more at Yahoo Finance: UPS sees higher profits in 2026 from network, Amazon downsizing