Shares of United Parcel Service were suffering their worst day ever on Thursday, after the package-delivery giant announced ...
UPS has shifted away from less profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the ...
For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for ...
UPS is cutting its business with Amazon in half by the middle of next year due to profitability concerns, CEO Carol Tomé said ...