Sandy Springs-based UPS announces 50% in volume of packages carried for Amazon
Their largest customer is Amazon and they'll be winding down deliveries for the company by 50% through June 2026.
UPS is hugely scaling back its Amazon shipping deal
The change will come into effect by the second half of 2026, with UPS CEO Carol Tomé indicating the cause being that Amazon ...
UPS to halve Amazon deliveries; shipping giant's stock dives
Last year, UPS landed a significant shipping deal with the USPS, as we reported, which is poised to have a large impact in Louisville, which is home to UPS' largest sorting hub, Worldport, and its UPS ...
Domestic Margins Advancing, but Amazon Relationship to Glide Down Materially
UPS managed to negotiate a contract with USPS and took over its airlift needs from FedEx. The prior USPS-FedEx contract expired at the end of September 2024. UPS management expects the deal to be ...
UPS to cut its Amazon business by more than 50%. Here's why.
Considering that Amazon (AMZN) accounted for 11.8% of UPS's total revenue for the year, which translates to roughly $10.7 billion, it didn't help that the delivery giant also resumed its pattern of ...
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UPS Earnings Top Views But Shipping Giant Dives On Amazon News
UPS stock dived to a multiyear low. The delivery giant said it has "reached an agreement in principle with its largest customer" — Amazon.com — "to lower its volume by more than 50% by the second half ...