1250 ET - United Parcel Service is working to relieve some pressure on its Ground Saver offering. The package giant at the end of last year in-sourced from the United States Postal Service the last-mile delivery of its product. "This decision, while right for the customer experience, pressured our financial results as delivery expenses were somewhat higher than we anticipated," CEO Carol Tomé says on a 2Q analyst call according to the FactSet transcript. "We are working on solutions to relieve this pressure in the back half of the year," Tomé says. UPS slides nearly 10% after 2Q net income and revenue falls and it declines to give guidance. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
July 29, 2025 12:50 ET (16:50 GMT)
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