UPS’ CFO Dykes added that the shift with Amazon will mean a drop in “fixed costs” including ... ExploreUPS lays off more employees amid effort to boost profitability In follow up questions ...

The change will come into effect by the second half of 2026, with UPS CEO Carol Tomé indicating the cause being that Amazon is not the delivery company’s most profitable custom ...

UPS said it will cut the volumes it handles for Amazon by 50% going into the second half of 2026 as part of a plan to improve profitability at the parcel carrier. The news was announced during the ...

Guidance and a major change in its relationship with Amazon, however, sent the shares tumbling. UPS reported on Thursday that ...

UPS stock had its worst day on record after the package-delivery company said it was cutting volumes from Amazon.com. Shares in UPS fell 14%, its sharpest one-day drop, according to Dow Jones ...

UPS plans to shrink profit-denting ... and Shein as well as packages it used to hand off to mail carriers that come with higher margins than from Amazon. UPS and rival FedEx are revamping ...

suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. The move to scale back shipments for Amazon.com Inc. by 50% is designed ...