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UPS, Amazon
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 it is not the company’s 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.
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 stock plunges
UPS plunged after saying it'll deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS is cutting its business with Amazon in half by mid-2026, it said Thursday.While big, Amazon's business with UPS was becoming less profitable, CEO Carol Tomé said.Amazon has been building out its own logistics infrastructure in recent years.
UPS Stock Plunges on Plan to Halve Amazon Deliveries
UPS is breaking away from Amazon.com. The package-delivery company said it was cutting volumes from its largest customer by half, and warned its revenue would come in about $6 billion lower than Wall Street expected this year.
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,
3h
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 ...
6h
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 ...
5h
UPS slashing Amazon volume by 50% in push for profitability
UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability. The post UPS ...
3h
UPS announces major cutback in Amazon relationship
UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...
Money Morning
7h
Should You Buy the Dip on UPS Stock?
UPS reported revenue of $25.3 billion. Revenue grew by just 1.5% year-over-year and missed estimates of $25.42 billion. Adjusted EPS of $2.75 beat analyst expectations of $2.53. GAAP results included ...
2h
on 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 ...
3h
on 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 ...
12h
on MSN
UPS forecasts weak 2025 revenue as it pares Amazon exposure, shares fall
United Parcel Service on Thursday forecast 2025 revenue below expectations as the parcel delivery giant works to lower ...
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