UPS and FedEx have grounded their combined fleet of over 50 McDonnell Douglas MD-11 cargo planes following a UPS crash in Louisville that killed at least 14 people. The UPS MD-11 erupted into flames moments after takeoff from Louisville Muhammad Ali International Airport on Tuesday, and the cause is still under investigation.

A UPS cargo plane crashed and exploded in a massive fireball Tuesday while taking off from the company’s global aviation hub in Louisville, Kentucky, killing at least seven people and injuring 11, authorities said.

Companies worldwide are cutting thousands of jobs as consumer sentiment weakens and businesses increasingly adopt AI-driven automation. Major firms including Amazon, Nestle, UPS, Target, and Procter & Gamble have announced reductions in their corporate workforces.

United Parcel Service (UPS) on Tuesday projected fourth-quarter revenue above Wall Street expectations, citing price increases aimed at offsetting weak business-to-business demand in the United States.

Shares of United Parcel Service (UPS) fell in early trading Tuesday after the logistics giant reported quarterly earnings that missed Wall Street estimates and declined to provide an updated full-year guidance.

United Parcel Service (UPS) reported a first-quarter profit that exceeded market expectations, driving its shares up more than 5% before the bell on Tuesday.

United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon, in an already challenging environment for the parcel delivery giant.