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New Postmaster General, David Steiner, announced that the post office is increasing their rates as much as 7.8% in January to address their fiscal 2025 loss of $9B

In the Q3 earnings call, Tomé said she and the new Postmaster General, David Steiner, worked together to “create a win-win-win relationship: a win for the Postal Service system, a win for UPS, and a win for our customers.”

In April, UPS announced that it would reduce its workforce by 20,000. During their Q3 earnings call, they announced that they had cut 48,000 positions instead.

To no one's surprise whatsoever, UPS matches FedEx's 2026 rate increase