In its fourth-quarter earnings report, United Parcel Service dropped a bombshell on investors, announcing that its Amazon.com ...
UPS stocks plummeted after it slashed business with the world’s largest online retailer.
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 projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the ...
UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an ...
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
The change will come into effect by the second half of 2026, with UPS CEO Carol Tomé indicating the cause being that Amazon ...
UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability. The post UPS ...
Their largest customer is Amazon and they'll be winding down deliveries for the company by 50% through June 2026.
UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...
United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for ...