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 Thursday morning. The Georgia-based logistics company will cut the volume it moves for the retailer by more than 50% by the second half 2026,
UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability. The post UPS ...
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most ...
Q4 2024 Management View CEO Carol Tomé highlighted that UPS achieved consolidated revenue of $25.3B in Q4 2024, an increase ...
might have a few more packages after the United States Postal Service contract to deliver UPS SurePost parcels ended. The International Brotherhood of Teamsters, a union representing UPS ...
United Parcel Service is slated to report fourth-quarter results on Thursday morning, with analysts expecting the company to record a second straight quarter of year-over-year revenue and profit ...
UPS said it had reached an agreement in principle with its top customer to lower volume by more than 50% by the second half of 2026. "UPS Sees 2025 Revenue Slipping, Plans to Cut Volumes with Top ...
UPS Inc. experienced revenue and earnings growth despite a tougher freight market in the fourth quarter of 2024, the parcel delivery company reported Jan. 30.
Morgan Stanley analyst Ravi Shanker maintained a Sell rating on United Parcel (UPS – Research Report) yesterday and set a price target of ...
Under the change, UPS Sure Post packages are now only being delivered by UPS drivers, a spokesperson for the International ...
Evercore ISI added United Parcel Service ( NYSE: UPS) to its Tactical Outperform list ahead of the parcel delivery giant's ...
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