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 ...
UPS Stock Sinks on Plans to Slash Business with Amazon
UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the ...
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.
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 that it isn't its most profitable ...
UPS CEO, asked if rest of Amazon business will leave too, says ‘don’t think so’
CEO Carol Tome added that the current Amazon (AMZN) business is currently “extraordinarily dilutive” to profitability.Invest with ...
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UPS Stock Plummets 14% After Cutting 50% of Amazon Business
UPS stock fell by 14%, after it announced an agreement that would cut its delivery business with Amazon by 50%.
UPS Is Shedding Dead Weight, But It Might Not Be Enough
United Parcel Service struggles with declining revenue and profit margins, with a significant stock drop due to strategic ...
UPS and Amazon May Be Headed for a Split—and the Stock Is Paying the Price
For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for ...