It is the fifth wave of layoffs across the nation’s supply chain industry since early October, with a total of 16,919 workers losing their jobs, according to firms filing Worker Adjustment and ...

But the switch poses a challenge for the Atlanta-based company, which now must put more packages on its own trucks with drivers earning union wages – unlike rivals without labour unions such as FedEx ...

UPS stock plunged a record 14.1 percent to close at $114.90 after it announced plans to reduce its business with Amazon by 50 percent by 2026. "We've been partnered to Amazon for nearly 30 years ...

UPS stocks plummeted after it slashed business with the world’s largest online retailer. © 2024 Fortune Media IP Limited. All Rights Reserved. Use of this site ...

The financial analyst downgrade of UPS results from predicted revenue drops which will exceed 6% below market consensus during 2025 because of its struggles in a post-Amazon delivery market.

Backing away from Amazon also brings UPS more in line with FedEx Corp., which has long viewed the e-commerce giant as more of a rival than a customer. The catalyst for UPS came in recent weeks ...

UPS CEO confirms on the earnings call that the “accelerated glide down” of Amazon volumes was initiated by UPS. “This was not their ask. This was us. This was UPS taking control of our ...

A Norco milk truck driver is fighting for life in hospital after colliding with a ute on a major roadway near Coffs Harbour, with police launching a probe into the crash. Here’s the latest.

A leading analyst has downgraded United Parcel Service (UPS) stock after the parcel giant revealed plans to slash the number of Amazon (AMZN) packages sent through its service. Earlier this week ...

Amazon has never relied on one delivery partner. It had partners like UPS, FedEx and the U.S. Postal ... as well as a budding in-house network of planes, trucks and ships. As cost saving measure ...

Amazon is UPS’s biggest customer ... time Amazon has lost delivery slots with a third-party firm – in 2019, FedEx ended its contract with the retail giant. Amazon has also been busy building ...

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.