UPS stocks plummeted after it slashed business with the world’s largest online retailer.
UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling ...
UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the ...
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an ...
Baird analyst Garrett Holland changed his rating on the stock to Hold from Buy and cut his price target to $130 from $160.
Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a ...
The reduction will occur by the second half of 2026 as part of the carrier’s push to deliver more profitable packages.
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 ...