UPS to transition to global operating model, announces multiple executive changes
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Background ✨
UPS previously agreed in principle with its largest customer to cut volumes by more than 50% by 2H2026, targeting USD1 billion of savings as it reconfigured its US network and pursued multi-year "efficiency reimagined" initiatives, according to CEO Carol Tomé.1 2 UPS also accelerated fleet modernisation, retiring its MD-11F fleet in 4Q2025 and expecting delivery of 18 Boeing 767s over the subsequent 15 months, CFO Brian Dykes said.3