For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for ...

The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.

Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...

Meanwhile, Amazon's stock fell 1%, and shares of UPS rival FedEx Corp. (FDX) declined 2.1%. UPS said it reached an agreement in principle with Amazon to lower its volume by more than 50% by the ...

CEO Carol Tomé said in an earnings call that while Amazon is the shipping giant's biggest customer, it is not the most profitable. The companies' contract was expiring, and UPS l ...

United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...

FedEx remains the largest employer in Memphis, with over 32,000 employees, according to MBJ research. In December, FedEx ...

UPS shares sunk 13.6% to $115.60 in afternoon trading as investors absorbed the news, which dragged FedEx shares down 2%. "The agreement with Amazon to reduce volumes by more than 50% in 18 months ...