UPS reducing Amazon delivery volume; shares slump on 2025 revenue hit
United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon.com , and grapples with stubbornly soft demand for lucrative overnight service and commercial shipments.
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
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UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...
UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...
UPS reports mixed Q4 results with revenue of $25.3B and adjusted EPS of $2.75. Plans for operational changes and expects $89B ...
United Parcel Service (UPS) stock dove today after the delivery company released a mixed earnings report for Q4 2024. First ...
United Parcel Service struggles with declining revenue and profit margins, with a significant stock drop due to strategic ...
New Jersey residents share heartwarming stories of Anthony Romano's kindness and the special place he held in their community ...
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