Nearly one in every 10 retail items that are returned for a refund in the U.S. is fraudulent, according to a UPS-owned reverse logistics company that says it plans to combat the $76.5 billion problem for the country’s retailers with artificial intelligence.

United Parcel Service Inc. will invest $120 million in 400 robots used to unload trucks, according to people familiar with the matter, revealing new details on the logistics giant’s $9 billion automation plan that aims to boost profits by decreasing labor costs.

UPS stock is rated a "Buy" given its attractive valuation, robust 6.5% yield, improved margins, and technical support. Learn more about the shipping company.

The Sandy Springs-based company's stock has taken a beating recently. Leaders say part of that is because they’re playing the long game.

In a lawsuit, the state’s attorney general, Letitia James, said UPS had “repeatedly and persistently” failed to pay seasonal workers for all of the time they spent on the job.

It's estimated that in the last six years, UPS has deprived tens of thousands of seasonal workers of wages totaling about $45 million.

UPS may offer modest long-term upside despite headwinds and dividend risks. Get insights into valuation, cash flow, and market sentiment on UPS stock now.

Another lawsuit has been filed against UPS on behalf of a victim killed in the plane crash last month. The crash killed 14 people on Nov. 4. The flight was taking off from Louisville and headed for Honolulu, Hawaii. The latest lawsuit was filed on behalf of Ella Whorton.