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 ...

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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 ...

21 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.

1 day 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 ...

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.

23 hours ago · UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning. The Georgia-based logistics company will cut the volume it ...

1 day ago · Between 2021 and 2024, UPS on average reduced the number of packages it delivered for Amazon by about 250,000 per day. The acceleration will result in about 1.25 million fewer daily Amazon ...

7 hours ago · The move to scale back shipments for Amazon.com Inc. by 50% is designed to allow the courier to focus on more profitable clients. Carol Tomé , UPS’ chief executive officer, defended the shift ...

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