UPS to cut its Amazon business by more than 50%. Here’s why.
1 day ago · Earnings Results UPS to cut its Amazon business by more than 50%. Here’s why. UPS’s stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazon ...
UPS to cut its Amazon business by more than 50%. Here's why.
21 hours ago · Meanwhile, Amazon's stock slipped 0.9% in recent trading, and shares of UPS rival FedEx Corp. (FDX) were down 3.6%. UPS said it reached an agreement in principle with Amazon to lower its volume by ...
UPS reducing Amazon delivery volume; shares slump on 2025 ...
1 day ago · Amazon accounted for 11.8% of UPS' overall revenue in 2024. Between 2021 and 2024, UPS on average reduced the number of packages it delivered for Amazon by about 250,000 per day.
UPS to cut its Amazon business by more than 50%. Here’s why.
1 day ago · Meanwhile, Amazon’s stock fell 1%, and shares of UPS rival FedEx Corp. declined 2.1%. UPS said it reached an agreement in principle with Amazon to lower its volume by more than 50% by the second ...
UPS to Ship Fewer Amazon Packages; Shares Plunge - Business ...
21 hours ago · UPS's chief financial officer, Brian Dykes, said on the call that Amazon shipments made up about 20% of UPS's volume in the US. The company had reported fourth-quarter results before the stock ...
UPS shares tank 15% after weak guidance, plan to slash Amazon ...
17 hours ago · Amazon said before the UPS announcement that it had offered to increase UPS’ volumes. UPS forecast 2025 revenue of $89 billion, down from revenue of $91.1 billion in 2024.
UPS reducing Amazon delivery volume; shares slump on 2025 ...
18 hours ago · UPS on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon \u2014 a move that will shed some of its least-profitable business and help shelter ...