Amazon accounted for nearly 12% of UPS's total revenue in 2024, as well as 20-25% of its U.S. package volumes.
"This was us. This was UPS taking control of our destiny." Shares plunged by as much as 18%. The shipping giant said it would cut its business with its largest customer in half by June 2026.
The UPS hub in Natchez no longer provides counter service to customers seeking to send packages. “The hub will still be open ...
The change will come into effect by the second half of 2026, with UPS CEO Carol Tomé indicating the cause being that Amazon ...
This story was originally published on Supermarketnews. Dollar General is expanding its private-label offering during the opening quarter of 2025. The biggest news for grocery? The discount ...
U.S. Postal Service (USPS) workers will no longer deliver UPS SurePost packages after the government agency's contract with the parcel service expired this year. The International Brotherhood of ...
We recently compiled a list of the 10 Best Shipping Stocks To Invest In Now. In this article, we are going to take a look at where United Parcel Service, Inc. (NYSE:UPS) stands against other best ...
UPS reported Q4 revenue of $25.301 billion, missing estimates, while adjusted EPS of $2.75 exceeded expectations. UPS announced a major restructuring, including volume cuts, network changes, and a ...
UPS's Q4 earnings report caused a significant stock drop, driven by a strategic decision to reduce volume from its largest customer, Amazon. Management aims to improve efficiency and margins by ...
A few delivery services might be the blame. According to a report, an expire contract agreement between UPS and the US Postal Service has delayed millions of packages across the country.
UPS SurePost is a shipping service for smaller packages that typically takes 2 to 7 days. The company used to have a contract with the Postal Service where UPS would bring these packages to the ...
UPS has ended a contract with the U.S. Postal Service and the termination means changes for some people with post office boxes. Under the change, UPS Sure Post packages are now only being ...