Roughly 1,500 UPS Drivers Cashed in on Voluntary Buyout Offer in 3Q -- Market Talk

Dow Jones2026/10/27 14:05

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1004 ET - United Parcel Service wrapped up the final phase of its Driver Choice Program during 3Q, CFO Brian Dykes says on a call with analysts. The program, a voluntary separation and buyout option for eligible full-time U.S. drivers, resulted in approximately 1,500 drivers exiting the company, mostly at the end of the quarter, Dykes says. The disclosure comes as UPS is winding down a years-long restructuring which has seen the carrier cut tens of thousands of delivery-driver and warehouse-worker roles. UPS, which were lower premarket, is up 2.5%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

October 27, 2026 10:05 ET (14:05 GMT)

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Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.

华尔街见闻•2026/11/07 07:31