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

UPS plans to shrink profit-denting Amazon volumes more than 50% by the second half of 2026 - five times faster than it did between 2021 and 2024. That will allow the company to focus on fewer but ...

Amazon is UPS’s biggest customer, but not its most profitable UPS says it will slash its Amazon deal by over 50% to help profitability Amazon will “continue to partner with [UPS]” UPS has ...

UPS CEO confirms on the earnings call that the “accelerated glide down” of Amazon volumes was initiated by UPS. “This was not their ask. This was us. This was UPS taking control of our ...

UPS said it will cut the volumes it handles for Amazon by 50% going into the second half of 2026 as part of a plan to improve profitability at the parcel carrier. The news was announced during the ...

“When you inject big price increases in a marketplace, you open the door to innovation and new offerings,” Mr Gooding said, adding that Amazon is likely to benefit from UPS’ dilemm ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning. The Sandy Springs-based logistics company will cut the ...

Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will decrease by over 50% by the second half of 2026. This news, along with its ...

ATLANTA — UPS on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon — a move that will shed some of its least-profitable business and help ...

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

A leading analyst has downgraded United Parcel Service (UPS) stock after the parcel giant revealed plans to slash the number of Amazon (AMZN) packages sent through its service. Earlier this week ...