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

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 ...

Amazon has hired FedEx to handle some of its large package deliveries, the companies said Monday, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and ...

As with any good breakup drama, the story between Amazon and UPS, as United Parcel Service is called for short, is hard to call. UPS says that the Amazon business it was doing was high volume, but low ...

UPS to cut Amazon deliveries by more than 50% by 2026 CEO Tome says Amazon business dilutes margins CFO says SurePost, other e-commerce delivery is more lucrative than that of Amazon UPS aims to slash ...

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UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort that's linked to the delivery giant's decision to deliver fewer packages from Amazon, its biggest ...

Despite its pullback from Amazon, UPS is once again linked with the e-commerce giant as each company announced major layoffs on Tuesday. Amazon executives said it will cut 14,000 corporate positions ...

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 ...

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 ...