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 ...

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 ...

Amazon is planning to spend up to $4 billion to enhance its ability to deliver in rural areas. The e-commerce giant has forged a partnership with FedEx on the delivery front. United Parcel Service is ...

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 ...