DETROIT (Michigan News Source) – UPS announced it will cut 12,000 jobs.

In addition, it released a revenue outlook for this year that sent its shares down sharply.

The company  hinted that its Coyote truck load brokerage business may be put up for sale. UPS acquired the Chicago-based company for $1.8 billion in 2015.

UPS anticipates 2024 revenue in a range of approximately $92 billion to $94.5 billion. That’s short of Wall Street’s expectations for a figure above $95.5 billion.