UPS cut about 34,000 positions this year, the company said in its third-quarter earnings report. It had said it planned to ...

The company disclosed the workforce reduction in an earnings announcement. Shares rose more than 12% in premarket trading.

UPS’s stock looked to surge after the company announced it beat profits by the widest margin in more than four years.

The Federal Reserve's recent focus on preventing further weakness in the labor market has Wall Street keeping close tabs on new plans by companies to trim headcount. Kent Engelke, chief economic ...