UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...

CEO Carol Tomé said in an earnings call that while Amazon is the shipping giant's biggest customer, it is not the most profitable. The companies' contract was expiring, and UPS l ...

UPS has announced plans to reduce its shipping volumes for Amazon by “more than 50%” under a revised agreement with the ...

UPS is continuing to withdraw from its business relationship with Amazon, which is "not our most profitable customer." ...

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...

Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...

United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling ...

UPS stock is lower after announcing that it plans to cut volume for Amazon, its largest customer, by more than 50% by late ...

UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the ...

United Parcel Service (UPS) is currently in damage control mode after announcing a significant reduction in its business with Amazon, ...

Amazon accounted for nearly 12% of UPS's total revenue in 2024, as well as 20-25% of its U.S. package volumes.