such as FedEx and UPS, charge much more or don't cover altogether. It has also become the "last-mile" delivery service for e-commerce companies, like Amazon. The USPS employs over 635,000 workers ...

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 ...

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 ...

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.

While big couriers such as UPS specialise in express shipments, they have relied on the US Postal Service (USPS ... without labour unions like FedEx and Amazon. In 2024, a commercial carrier ...

The Amazon announcement surprised many on Wall Street. It is the latest move by industry leaders UPS and FedEx to revamp their ... The insourced USPS business, known as SurePost, is the most ...

Amazon is UPS’s biggest customer ... time Amazon has lost delivery slots with a third-party firm – in 2019, FedEx ended its contract with the retail giant. Amazon has also been busy building ...

Amazon Prime subscribers are not happy with some of the changes Amazon has been making to Amazon Prime Video recently. And these changes are making the video streaming service worse. In fact ...

Backing away from Amazon also brings UPS more in line with FedEx Corp., which has long ... weeks with a little-seen fee change by the US Postal Service. The price adjustments, which excluded ...

UPS and rival FedEx ... USPS business, known as SurePost, is the most profitable of those services, and the business from the China-linked e-commerce sellers is more profitable than the Amazon ...

UPS plans to shrink profit-denting Amazon volumes more than 50% by the second half of 2026 - five times faster than it did ...