UPS slashes spending, halts stock buybacks

UPS has spent billions of dollars in recent years to upgrade its delivery network with more sortation capacity and automated facilities so that it can handle delivery surges, like during the holiday season.

Chase with stolen UPS truck ends with shootout, 4 dead

Four people, including a UPS driver, were killed Thursday after robbers stole the driver’s truck and led police on a chase that ended in gunfire at a busy Florida intersection during rush hour, a law enforcement official said.