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

UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...

United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for ...

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...

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

Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will ...

The reduction will occur by the second half of 2026 as part of the carrier’s push to deliver more profitable packages.

Amazon’s stock surged 1.3% to close at $237.68 on Friday. It reached as high as $240.29 in intraday trading, which was ...

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

Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a ...

UPS plans to shrink profit-denting Amazon volumes more than 50 ... We'll continue to partner with them and many other carriers to serve our customers," Amazon said in a statement.