UPS to cut its Amazon business by more than 50%. Here’s why.
22 hours ago · Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest ...
UPS shares tank 15% after weak guidance, plan to slash Amazon ...
12 hours ago · 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 ...
UPS stock price tumbles today; Amazon service cuts in 2026
14 hours ago · United Parcel Service predicted downbeat 2025 revenue after announcing they are reducing business with Amazon to focus on profitability.
UPS Shares Plunge on Plan to Slash Amazon Business By Half - Bloomberg.com
22 hours ago · 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 ...
UPS Stock Plunges 16% On Weak Revenue Forecast, Amazon …
17 hours ago · (RTTNews) - United Parcel Service, Inc. (UPS) shares dropped 16.84 percent to $111.25 during Thursday morning trading after the company projected annual revenue well below expectations. Shares ...
UPS Stock Falls After Amazon Business Cut - Newsweek
15 hours ago · Shares in United Parcel Service (UPS) have fallen due to a below-forecast earnings report and the company deciding to distance itself from longtime partner, Amazon. Newsweek has contacted UPS via ...
UPS Makes the Right Move to Cut Its Reliance on Amazon
16 hours ago · Carol Tom é, chief executive officer of United Parcel Service Inc., is ripping off a Band-Aid in one excruciating shot of pain to fix the courier’s post-pandemic problem with depressed profit ...
UPS Sees 2025 Revenue Slipping, Plans to Halve Volumes with Amazon …
20 hours ago · By Dean Seal United Parcel Service expects revenue to decline this year and is cutting volumes with its largest customer, Amazon.com, by more than half, sending shares sharply lower Thursday. ...
Amazon pulls back from UPS as it builds out logistics empire
Mar 3, 2023 · Amazon is shifting away from UPS and other carriers as it works to build its own logistics empire, in part to gain greater control over transit times and the end-customer’s delivery experience. Meanwhile, UPS has chased growth in segments outside of e-commerce in order to boost its profit margins.
UPS reducing Amazon delivery volume; shares slump on 2025 …
By Abhinav Parmar and Lisa Baertlein (Reuters) -United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for its largest customer ...