Shortly after announcing they will cut significant amounts of business with Amazon, the United Parcel Service (UPS) stock plummeted to the single largest loss in company history. Stock valuation ...

United Parcel Service (UPS) said Tuesday that it will cut about 20,000 jobs and shutter 73 of its facilities as the logistics giant cuts costs amid a move to reduce shipping volumes from its largest ...

Amazon made up 11.8% of UPS's total company revenue in fiscal 2024, however, the margin on Amazon packages is "very dilutive" to its U.S. domestic business, the CEO disclosed on the call. She said the ...

UPS's decision to cut Amazon's volume by 50% by mid-2026 is a strategic move to enhance profitability and focus on higher-margin business. Though short-term revenue will dip, UPS expects significant ...