UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.

UPS will reduce the amount of Amazon volume it delivers by more than 50% by the second half of 2026 under an agreement in principle reached by the two companies, UPS announced Thursday.

UPS, for example, has been delivering packages for Amazon for almost 30 years. But making money from this partnership has grown harder for the $97bn logistics company. UPS’s ability to demand ...

Amazon is UPS’s biggest customer, but not its most profitable UPS says it will slash its Amazon deal by over 50% to help profitability Amazon will “continue to partner with [UPS]” UPS has ...

Guidance and a major change in its relationship with Amazon, however, sent the shares tumbling. UPS reported on Thursday that ...

UPS CEO confirms on the earnings call that the “accelerated glide down” of Amazon volumes was initiated by UPS. “This was not their ask. This was us. This was UPS taking control of our ...

UPS's stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazon's business will affect results Shares of United Parcel Service Inc. suffered ...

UPS has reached an agreement with Amazon to slash its delivery volumes with the e-commerce giant by more than 50% by the latter half of 2026. While Amazon accounted for 20-25% of its UPS's U.S.

UPS said Thursday that it would cut its business with Amazon in half by mid-2026. CEO Carol Tomé said Amazon's business with UPS, while big, was becoming less profitable. Amazon has been building ...