UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...
UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent. Chances are, the last time you ordered ...
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...
Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will ...
The reduction will occur by the second half of 2026 as part of the carrier’s push to deliver more profitable packages.
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 ...
Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a ...
Dividend raises, paired with a beaten-down stock price, have pushed UPS' yield up to a mouthwatering 5.9% at the time of this ...
UPS plans to shrink profit-denting Amazon volumes more than 50 ... We'll continue to partner with them and many other carriers to serve our customers," Amazon said in a statement.
Amazon told us that the company had previously offered to increase UPS' volumes, and that it has a strong working relationship with the delivery partner. UPS declined to offer any further comments ...
A Citigroup analyst recently lowered the company's price target on United Parcel Service ( UPS -0.48%) stock from $158 to ...