UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.
Shortly after announcing they will cut significant amounts of business with Amazon, the United Parcel Service (UPS) stock ...
UPS has been shipping Amazon packages for nearly 30 years, she added. The Seattle-based online retailer accounted for nearly ...
Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...
UPS on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon — a move that will ...
UPS's CEO said Thursday that it would reduce the number of Amazon packages it handles as profit from those shipments shrinks. "This was not their ask," Carol Tomé said on an investor call.
The change will come into effect by the second half of 2026, with UPS CEO Carol Tomé indicating the cause being that Amazon is not the delivery company’s most profitable customer, despite being ...
It may be a good sign that UPS is growing its international business at a faster pace than the US segment. Looking at the ...
According to Amazon, it offered to increase UPS' volumes as the e-commerce giant’s delivery needs continued to grow. “Due to their operational needs, UPS requested a reduction in volume and we ...
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.
Today's bear gap has UPS falling to more than four-year lows and its largest single-day percentage drop in history. The ...