UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent. Chances are, the last time you ordered ...

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

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

Now it has to figure out how to deliver millions ... It now delivers non-Amazon orders, making it an even more formidable competitor to UPS and FedEx. Chief executive Andy Jassy can count on ...

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 on Thursday announced fourth-quarter earnings per share of $2.75 from sales of $25.3 billion. Wall Street was looking for ...

UPS is targeting a highly fragmented, very competitive and lower-growth segment making up just 25 per ... in time for Christmas. Then Amazon started building out its own last-mile delivery system ...

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 ...

Amazon’s short-term fix was to dole out gift cards to make amends with angry shoppers. Longer-term, it started building out its own last-mile delivery system to reduce its reliance on long-time ...

"We are making ... Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly Chicago Catch-Up newsletter. Amazon said before the UPS announcement ...

UPS on Thursday 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 ... and make sure their analysis ...