United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs ...

UPS stock is lower after announcing that Amazon, its largest customer, will slash its volume by more than 50% by late 2026.

The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.

UPS has shifted away from less profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.

UPS, FedEx and other home delivery providers have been slashing costs since the end of home-bound consumers' early pandemic e-commerce binge in late 2021. Amazon.com has taken over the largest ...

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