UPS reducing Amazon delivery volume; shares slump on 2025 revenue hit
United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon.com , and grapples with stubbornly soft demand for lucrative overnight service and commercial shipments.
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...
Shares of United Parcel Service (UPS) sank over 16% Thursday to lead S&P 500 decliners after the shipping giant reported ...
UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...
UPS stock tumbled on Thursday as investors digested a weaker-than-expected sales forecast as the company scales back its ...
UPS reports mixed Q4 results with revenue of $25.3B and adjusted EPS of $2.75. Plans for operational changes and expects $89B ...
United Parcel Service forecast revenue of $89 billion for this year, compared with the analysts expectation of $94.9 billion ...
UPS shares dove 14% Thursday to $114.90, after the company offered weaker-than-expected financial guidance for 2025.
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