The change will come into effect by the second half of 2026, with UPS CEO Carol Tomé indicating the cause being that Amazon ...

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

United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling ...

UPS stocks plummeted after it slashed business with the world’s largest online retailer.

after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest customer, by more than half. While UPS UPS explained that the move was part of ...

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 ...

UPS has been shipping Amazon packages for nearly 30 years, she added. The Seattle-based online retailer accounted for nearly 12% of UPS' total revenue in 2024, Tomé said. The company reported $91 ...

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 ...

Amazon only accounted for 11% of UPS’s $91.1 billion revenue in 2024, down from 13.3% in 2020 when pandemic-induced online shopping saw figures rise. Speaking at UPS's Q4 2024 earnings ...

UPS's stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazon's business will affect results Shares of United Parcel Service Inc. suffered ...