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UPS, Amazon
UPS reducing Amazon delivery volume; shares slump on 2025 revenue hit
United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon.com , and grapples with stubbornly soft demand for lucrative overnight service and commercial shipments.
UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable customer.
UPS Shares Plunge on Plan to Slash Amazon Business By Half
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year and prompting it to slash its low-margin business with Amazon.
1d
UPS Stock Falls After Amazon Business Cut
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
5h
on MSN
UPS is hugely scaling back its Amazon shipping deal
The change will come into effect by the second half of 2026, with UPS CEO Carol Tomé indicating the cause being that Amazon ...
7h
‘Control of Our Destiny’: UPS Braves Blowback Over Amazon Break
United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the ...
1d
UPS to cut its Amazon business by more than 50%. Here’s why.
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an ...
11d
USPS, UPS SurePost delivery contract ends. Here’s what it means for packages
SurePost, a UPS economy service primarily used by businesses to send packages, is changing after a contract with the U.S.
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