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.

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

(Bloomberg) -- United Parcel Service Inc. suffered its biggest one-day share drop ... Amazon.com Inc. by 50% is designed to allow the courier to focus on more profitable clients. Carol Tomé, UPS ...

UPS stock tumbled on Thursday as investors digested a weaker-than-expected sales forecast as the company scales back its business with Amazon.

This news, along with its earnings report, led to a significant drop in UPS shares on Thursday. The decline in package volume is part of an agreement between UPS and Amazon. According to Amazon ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning ... strategy that will pay off in the years ahead.