United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, ...
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most ...
UPS stock plunges 17.6% after deal with Amazon to reduce volume by 50% by 2026, sparking concerns about near-term results and ...
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 (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a ...
United Parcel Service forecast revenue of $89 billion for this year, compared with the analysts expectation of $94.9 billion ...
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an ...
Amazon accounted for nearly 12% of UPS's total revenue in 2024, as well as 20-25% of its U.S. package volumes.
Investors are displeased, but the strategy of moving away from lower-margin deliveries makes sense in the long run.
United Parcel Services is going to do a lot less business with its biggest customer, Amazon.com. UPS on Thursday projected a decline in revenue for the current year, with a key factor being plans to ...
United Parcel Service beat earnings expectations with a significant EPS gain, though revenue slightly missed estimates.
UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the ...