Investors are displeased, but the strategy of moving away from lower-margin deliveries makes sense in the long run.
It is not clear how many employees have been laid off but reports suggest that dozens of roles have been eliminated.
Amazon has paused testing of its delivery drones following a crash involving two of those drones, according to Bloomberg.
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling ...
United Parcel Service Inc. projected annual revenue well below expectations, telling investors that a long-awaited rebound in ...
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