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

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

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

“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 ...

United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the ...

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 ...

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

JPMorgan lowered the firm’s price target on UPS (UPS) to $120 from $135 and keeps a Neutral rating on the shares post the Q4 report. The ...