UPS's stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazon's business will affect results Shares of United Parcel Service Inc. suffered their ...

UPS will reduce the amount of Amazon volume it delivers by more than 50% by the second half of 2026 under an agreement in principle reached by the two companies, UPS announced Thursday. The carrier ...

U.S.-based online retailing giant Amazon said it is eliminating 14,000 jobs to streamline its operations. Amazon's plans to discard at least 14,000 employees and the elimination of 48,000 jobs at UPS ...

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 ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning. The Georgia-based logistics company will cut the volume it ...

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 ...

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Breaking news update: Teamsters win new UPS contract. When we wrote this article yesterday, the state of negotiations were unclear and a strike seemed to loom on the horizon. Now, that is not the case ...

Shipping giants such as Amazon, FedEx and the U.S. Postal Service are gearing up for a potential strike at United Parcel Service (UPS) that could begin on Aug. 1 if the company’s negotiations with the ...