This wide-moat stock sank after reporting earnings and now looks 17% undervalued.
“Amazon is our largest customer, but it’s not our most profitable customer,” Carol B. Tomé, the chief executive officer, said on a conference call that day to discuss its earnings. Although Amazon ...
Shortly after announcing they will cut significant amounts of business with Amazon, the United Parcel Service (UPS) stock ...
UPS stock plunged a record 14.1 percent to close at $114.90 after it announced plans to reduce its business with Amazon by 50 percent by 2026. "We've been partnered to Amazon for nearly 30 years ...
UPS share price fell by 14% on Thursday, after it announced an agreement that would cut its delivery business with Amazon.com Inc., by far its largest customer. (Image Credit: brand.ups ...
Considering that Amazon (AMZN) accounted for 11.8% of UPS's total revenue for the year, which translates to roughly $10.7 billion, it didn't help that the delivery giant also resumed its pattern ...
The move is part of UPS's ongoing plan to scale back its business with Amazon and focus on reconfiguration of its nationwide network and a reduction in the size of its delivery fleet. Analysts ...
United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon, in an already challenging environment for the parcel delivery giant.
UPS shares tumbled on Thursday after the shipping giant said it would slash Amazon deliveries by more than half. CEO Carol Tome said the move would "put us further down the path to become a more ...
According to Amazon, it offered to increase UPS' volumes as the e-commerce giant’s delivery needs continued to grow. “Due to their operational needs, UPS requested a reduction in volume and we ...