UPS · 10-Q · 2026Q2 · Full report
Headcount / Restructuring
UNITED PARCEL SERVICE INC · 2026-08-05 · Importance 52 · Surprise 42 · In source text
UPS is executing Network Reconfiguration and Efficiency Reimagined to automate and consolidate the U.S. Domestic Package network, redesign processes, and reduce facilities, vehicles, aircraft, and workforce. In the first half of 2026, UPS closed 45 leased and owned buildings, 44 permanently, and incurred approximately $1.1 billion of Driver Choice Program separation costs. The company achieved approximately $1.2 billion of program benefits in the first six months of 2026 and expects approximately $3 billion of benefits for full-year 2026. UPS expects $1.3 billion to $1.5 billion of excluded operating costs in 2026, including $1.1 billion related to Driver Choice, with the initiatives expected to conclude by 2027.
Key facts
- In the first half of 2026, we closed 45 leased and owned buildings, 44 of which have been permanently closed. source
- These transformation initiatives are expected to conclude by 2027. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | realized | — | In the first half of 2026, we closed 45 leased and owned buildings, 44 of which have been permanently closed. |