Tomé said that the remaining half of UPS's business with the e-commerce giant included handling some returns for Amazon — something UPS does "very, very well" and is unlikely to go away anytime ...
The reduction will occur by the second half of 2026 as part of the carrier’s push to deliver more profitable packages.
Shortly after announcing they will cut significant amounts of business with Amazon, the United Parcel Service (UPS) stock plummeted ... result in diminishing returns.” Tomé claims there are ...
Amazon is UPS’s biggest customer, but not its most profitable UPS says it will slash its Amazon deal by over 50% to help profitability Amazon will “continue to partner with [UPS]” UPS has ...
E-commerce giant Amazon accounted for 11.8% of revenue at UPS in 2024, but “looking ahead, we project this business, if we take no action, will drive diminishing returns,” CEO Carol Tomé said ...
"Because if we take no action, it will likely result in diminishing returns," Tomé said. UPS has been shipping Amazon packages for nearly 30 years, she added. The Seattle-based online retailer ...
Tomé said she doesn't believe the remainder of Amazon's volume is on the chopping block, noting Amazon's reliance on The UPS Store locations for customer returns.
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