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UPS, 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 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 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 agreement that would cut its business with Amazon.com Inc., its largest customer,
18h
UPS Stock Falls After Amazon Business Cut
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
1h
UPS Breaks With Amazon to Take ‘Control of Own Destiny’
United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the ...
7m
on MSN
Citi cuts UPS stock price target to $149, maintains Buy rating
Citi analyst Ariel Rosa adjusted the price target for UPS (NYSE:UPS) stock, bringing it down to $149 from the previous target ...
Business Insider on MSN
19h
UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...
12h
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 ...
15h
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 ...
20h
UPS Earnings: United Parcel Service Stock Dives on Mixed Q4 Results & Weak Guidance
United Parcel Service (UPS) stock dove today after the delivery company released a mixed earnings report for Q4 2024. First ...
1d
on MSN
‘They’re going to miss him.’ Popular UPS driver retires after 38 years
New Jersey residents share heartwarming stories of Anthony Romano's kindness and the special place he held in their community ...
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