3 days ago · Amazon is UPS’ largest customer, accounting for 11.8% of total revenue, but the profit margin on that business is “extraordinarily dilutive,” Tomé said on a conference call with …

3 days ago · Amazon craved additional capacity to meet surging e-commerce demand, while UPS was reluctant to make big investments for capacity that was only needed in the busy holiday …

3 days ago · (Bloomberg) -- United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. Most …

3 days ago · UPS CEO Carol Tomé discusses the company's relationship with Amazon, growth opportunities and the outlook for the package market.

4 days ago · UPS Shares Plunge on Plan to Slash Amazon Business By Half Revenue expected to decline this year after stagnant 2024 New deal slashes lower margin volumes with top client …

6 days ago · Amazon Inc. and Microsoft Corp.’s UK cloud service offerings are facing closer scrutiny in the UK as the watchdog said it had concerns over their market dominance.

4 days ago · Chief Executive Officer Andy Jassy has axed tens of thousands of corporate jobs and killed a variety of moonshot projects since succeeding founder Jeff Bezos in 2021. …

Jan 22, 2025 · If Amazon wants to keep increasing sales, it needs to convert more retailers from competitors into clients. The main online store and Whole Foods groceries are Amazon’s …

Nov 22, 2024 · (Bloomberg) -- Amazon.com Inc. is investing an additional $4 billion in artificial intelligence startup Anthropic, boosting its stake in one of OpenAI’s chief rivals. The new …

Aug 20, 2024 · Amazon’s stock performance has lagged its megacap peers since its earnings report at the beginning of August, when the e-commerce giant signaled to investors that it …