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 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 ...

UPS on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon — a move that will ...

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

UPS is continuing to withdraw from its business relationship with Amazon, which is "not our most profitable customer." ...

Backing away from Amazon also brings UPS more in line with FedEx Corp., which has long viewed the e-commerce giant as more of a rival than a customer. The catalyst for UPS came in recent weeks ...

Backing away from Amazon also brings UPS more in line with FedEx Corp., which has long viewed the e-commerce giant as more of a rival than a customer. The catalyst for UPS came in recent weeks with a ...