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

“Amazon is our largest customer, but it’s not our most profitable customer,” Carol B. Tomé, the chief executive officer, said on a conference call that day to discuss its earnings. Although Amazon ...

As noted, based on the company's guidance, UPS is a great value. Management's guidance for 2025 calls for revenue of $89 ...

The $247bn of goods Amazon sold online last year don’t just ship themselves. Over the years, the ecommerce giant has been ...

Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...

Last year, UPS landed a significant shipping deal with the USPS, as we reported, which is poised to have a large impact in ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...

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

FedEx remains the largest employer in Memphis, with over 32,000 employees, according to MBJ research. In December, FedEx ...

United Parcel Service struggles with declining revenue and profit margins, with a significant stock drop due to strategic ...

It now delivers non-Amazon orders, making it an even more formidable competitor to UPS and FedEx. Chief executive Andy Jassy can count on his lucrative cloud business to subsidise the foray into ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning. The Sandy Springs-based logistics company will cut the ...