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

United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for ...

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...

UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...

UPS has announced plans to reduce its shipping volumes for Amazon by “more than 50%” under a revised agreement with the ...

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

Amazon accounted for nearly 12% of UPS's total revenue in 2024, as well as 20-25% of its U.S. package volumes.

The reduction will occur by the second half of 2026 as part of the carrier’s push to deliver more profitable packages.

Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a ...

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 ...

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.

UPS announces a plan to reduce its Amazon package volume by more than 50% by the second half of 2026. CEO Carol Tome gave more details on the company's earnings call.