UPS announces major cutback in Amazon relationship
UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning. The Georgia-based logistics company will cut the volume it moves for the retailer by more than 50% by the second half 2026,
Baird analyst Garrett Holland changed his rating on the stock to Hold from Buy and cut his price target to $130 from $160.
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an ...
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 struggles with declining revenue and profit margins, with a significant stock drop due to strategic ...
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UPS shares have now lost about half their value since the pandemic era, when shipment volumes went through the roof. The issue is that there are few near-term catalysts to turn things around. Patient ...
UPS said it had reached an agreement in principle with its top customer to lower volume by more than 50% by the second half of 2026. "UPS Sees 2025 Revenue Slipping, Plans to Cut Volumes with Top ...
CEO Carol Tome says the company’s actions are being made to face three key challenges “head on.” The company’s “largest customer” is ...
UPS reported revenue of $25.3 billion. Revenue grew by just 1.5% year-over-year and missed estimates of $25.42 billion. Adjusted EPS of $2.75 beat analyst expectations of $2.53. GAAP results included ...
Detaching from Amazon triggered another slide in the package delivery giant’s battered stock, which is heavily owned by UPS ...
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