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UPS stock plunges

Hosted on MSN · 20h

UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'

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

YAHOO!Finance · 1h

UPS Breaks With Amazon to Take ‘Control of Own Destiny’

United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. Most Read from BloombergHow the 2025 Catholi

Axios on MSN · 17h

UPS stock plunges after announcing cut to Amazon deliveries

United Parcel Service will halve its Amazon package volume to bolster its profitability, but the unexpected move sent the stock tumbling Thursday. Why it matters: UPS gets nearly 12% of its revenue from Amazon deliveries,

Amazon, UPS

NBC News on MSN · 18h

UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

Shares of United Parcel Service plunged more than 15% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon, its largest customer, by more than half.

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.

The Wall Street Journal on MSN · 19h

UPS Stock Sinks on Plans to Slash Business with Amazon

UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the business it does with Amazon over the next 18 months.

18h

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 ...

22h

UPS Asks Amazon (AMZN) to Cut Its Package Volume by 50%

Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will ...

18h

UPS to halve Amazon deliveries; shipping giant's stock dives

UPS has been shipping Amazon packages for nearly 30 years, she added. The Seattle-based online retailer accounted for nearly ...

18hon MSN

UPS and Amazon May Be Headed for a Split—and the Stock Is Paying the Price

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

18hon MSN

UPS CEO Carol Tomé on Amazon pullback, profit growth, and logistics expansion

Morgan Brennan interviews UPS CEO Carol Tomé on the company's strategic shift, reducing its reliance on Amazon while ...

18hon MSN

UPS paid a big price for your Amazon deliveries

What they do & how much they get paid In corporate headlines, UPS is at the point of its relationship with Amazon, where it’s ...

18h

UPS scales back on Amazon deliveries: It 'just doesn't make sense for us'

UPS stock tumbled on Thursday as investors digested a weaker-than-expected sales forecast as the company scales back its ...

1d

UPS CEO, asked if rest of Amazon business will leave too, says ‘don’t think so’

CEO Carol Tome added that the current Amazon (AMZN) business is currently “extraordinarily dilutive” to profitability.Invest with ...

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