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UPS stock plunges
UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares plunged.
UPS Stock Plunges on Plan to Halve Amazon Deliveries
UPS is breaking away from Amazon.com. The package-delivery company said it was cutting volumes from its largest customer by half, and warned its revenue would come in about $6 billion lower than Wall Street expected this year.
UPS stock plunges after announcing cut to Amazon deliveries
United Parcel Service will halve its Amazon package volume to bolster its profitability, but the unexpected move sent the stock tumbling Thursday. Why it matters: UPS gets nearly 12% of its revenue from Amazon deliveries,
The Natchez Democrat
4h
UPS Natchez hub closing counter service; customers can use alternative authorized shipper
The UPS hub in Natchez no longer provides counter service to customers seeking to send packages. “The hub will still be open ...
Staten Island Advance
13d
UPS, U.S. Postal Service package delivery change: What it will mean for P.O. Box users
The end of the agreement means
UPS
customers will now have to
ship
their
packages
directly to a U.S. location or their ...
1d
on MSN
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 ...
1d
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 ...
thefw
11d
Here’s How Your Package Deliveries Are Changing in 2025
Money Digest reported back in February 2024 that Best Buy had plans to close 24 stores during the year with another 10 to 15 ...
1d
on MSN
UPS Shares Plunge on Plan to Slash Amazon Business By Half
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling ...
Leadership
18h
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%.
Supply Chain
1d
UPS to Scale Back Amazon Delivery Volumes
Amazon accounted for nearly 12% of UPS's total revenue in 2024, as well as 20-25% of its U.S. package volumes.
1d
Amazon (AMZN) Will Cut the Number of Packages Sent Through UPS by 50%
Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will ...
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