UPS telling some customers packages bound for the U.S. are being destroyed
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UPS is facing significant challenges with U.S.-bound packages due to new customs requirements, leading to the disposal of some shipments. The end of the "de minimis" tariff exemption has complicated the process, causing delays and confusion for customers. UPS attributes the issues to missing information and has seen a drop in stock price over 30% this year. With the holiday season approaching, there are concerns that unresolved issues could escalate further, prompting some shippers to switch to competitors like FedEx.
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