UPS's CEO said Thursday that it would reduce the number of Amazon packages it handles as profit from those shipments shrinks. "This was not their ask," Carol Tomé said on an investor call. "This was ...

Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest ...

As noted above, Amazon is a major customer, and this implies a significant reduction in volume and revenue from the ...

A long-held investor concern is finally coming to fruition: Will Amazon simply internalize most of its logistic needs? That is the direction it seems to be headed after UPS also announced that it ...

United Parcel Service's decision to cut Amazon's volume by 50% by mid-2026 is a strategic move to enhance profitability. See ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning. The Sandy Springs-based logistics company will cut the ...

Daniel Foelber (Conagra Brands): Shares of Conagra Brands are hovering around their five-year low. The owner of such ...

UPS announced it would decrease shipping volume from Amazon, its biggest customer, by more than 50%. UPS shares plummeted Thursday after the Atlanta-based shipping giant announced it would ...

"Carriers are required to knock on the customer’s door or ring their doorbell only if the customer’s signature is required ...

UPS's stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazon's business will affect results Shares of United Parcel Service Inc. suffered ...