DoorDash secured FAA approval to launch DoorDash Air, an in-house drone delivery service, joining Wing, Zipline, and Amazon as one of only eight certified US drone operators.
For months on end, eBay employees and contractors made life hell for a couple that had criticized the company. Six years later, the company is finally paying up.
The βglide-downβ caps an 18-month UPS strategy initiated in early 2025 to scale back low-margin e-commerce shipments for Amazon. During the pandemic peak, Amazon generated over 13% of UPSβs total revenue, but executives repeatedly pointed to that low-yielding volume as βextraordinarily dilutiveβ to profit margins.
UPS posted second-quarter revenue of $22.8 billion β a 7.6% increase year-over-year that topped Wall Street estimates. The courier raised its full-year 2026 revenue forecast to approximately $91.2 billion (up from $89.7 billion).
Despite the earnings beat and raised guidance, UPS shares dropped nearly 5% in early trading as investors weighed transformation costs and broader consumer spending concerns.
Amazon reports its second-quarter earnings on Thursday.