UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.

The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.

For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for sales of $94.9 bi ...

Amazon has been building out its own logistics infrastructure ... unlikely to go away anytime soon. "We have 5,200 UPS store locations that make it very convenient for customers of Amazon to ...

UPS’s contract with Amazon was up for renewal this year, making leadership to reevaluate ... What do you think about UPS’s game plan? Will it work out and save the company money, or is it ...

UPS stock tumbled on Thursday as investors digested a weaker-than-expected sales forecast as the company scales back its business with Amazon.

UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house ...

With UPS and rival Fedex pretty much out of the picture, the most likely path for Amazon to take is to build out its own delivery system. That means effectively acquiring much of the low-margin ...

UPS said it will cut the volumes it handles for Amazon by 50% going into the second half of 2026 as part of a plan to improve profitability at the parcel carrier. The news was announced during the ...

UPS executives laid out additional details during the company's earnings call with analysts. CEO Carol Tome said the shift away from Amazon would benefit the company and its shareholders ...