UPS to cut its Amazon business by more than 50%. Here’s why.
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest ...
NBC News24d
UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half
Shares of United Parcel Service plunged more than 15% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon, its largest customer ...
Yahoo Finance24d
‘Control of Our Destiny’: UPS Braves Blowback Over Amazon Break
(Bloomberg) -- United Parcel Service Inc. suffered its biggest one ... The move to scale back shipments for Amazon.com Inc. by 50% is designed to allow the courier to focus on more profitable ...
Seeking Alpha23d
United Parcel Service: Challenging Times For This Undervalued Leader
That said, strong competitors exist in FedEx and DHL Express, and Amazon is a competitive threat. However, United Parcel Service has generated long-term growth and profitability, creating ...
Hosted on MSN24d
United Parcel Service (UPS) Stock Trades Down, Here Is Why
Adding to concerns, UPS announced an agreement with its largest customer (Amazon) to cut volume ... it was encouraging to see United Parcel Service beat analysts' EPS expectations this quarter.
Fox Business5d
united parcel service inc. - UPS
Amazon.com has taken over the largest delivery business in the U.S., surpassing both UPS and FedEx in parcel volumes, postal service remains biggest delivery service. UPS is leveraging artificial ...