UPS to cut its Amazon business by more than 50%. Here’s why.
Jan 30, 2025 · 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...
UPS stock plummets 15% because it's about to do a lot less Amazon …
Jan 30, 2025 · Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a significant reduction in its business with Amazon (AMZN), its largest customer.
UPS Stock Plunges After Plans for 50% Amazon Volume Cut
Jan 30, 2025 · UPS stock is lower after announcing that it plans to cut volume for Amazon, its largest customer, by more than 50% by late 2026. Here's what you need to know.
UPS Stock Falls After Amazon Business Cut - Newsweek
Jan 30, 2025 · Shares in United Parcel Service (UPS) have fallen due to a below-forecast earnings report and the company deciding to distance itself from longtime partner, Amazon. Newsweek has contacted UPS...
UPS shares tank 15% after weak guidance, plan to slash Amazon ...
Jan 30, 2025 · Amazon said before the UPS announcement that it had offered to increase UPS’ volumes. UPS forecast 2025 revenue of $89 billion, down from revenue of $91.1 billion in 2024.
UPS to Ship Fewer Amazon Packages; Shares Plunge - Business …
Jan 30, 2025 · UPS's chief financial officer, Brian Dykes, said on the call that Amazon shipments made up about 20% of UPS's volume in the US. The company had reported fourth-quarter results before the stock ...
UPS scales back on Amazon deliveries: It 'just doesn't make sense …
Jan 30, 2025 · UPS's (UPS) announcement that it will cut back on deliveries for its largest customer, Amazon (AMZN), sent its stock tumbling as much as 15% on Thursday. But the company says it made the change...
UPS ($UPS) CEO Defends Amazon Split After Stock Drop
Jan 31, 2025 · The move to scale back shipments for Amazon.com Inc. by 50% is designed to allow the courier to focus on more profitable clients. Carol Tomé , UPS’ chief executive officer, defended the shift ...
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 business it does with Amazon over the next 18 months.
UPS stock sinks after announcing cut to Amazon deliveries - Axios
Jan 30, 2025 · 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, CEO Carol Tome said on an earnings call. "Amazon is our largest customer, but it's not our most profitable customer.
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