UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.

Shares of United Parcel Service Inc. suffered their worst day ever on Thursday, after the package-delivery giant announced an ...

UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...

United Parcel Service (NYSE: UPS) stock fell 14.1% on Jan. 30 after the company reported disappointing fourth-quarter and ...

The $247bn of goods Amazon sold online last year don’t just ship themselves. Over the years, the ecommerce giant has been ...

Amazon’s stock surged 1.3% to close at $237.68 on Friday. It reached as high as $240.29 in intraday trading, which was ...

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

UPS stocks plummeted after it slashed business with the world’s largest online retailer.

The reduction will occur by the second half of 2026 as part of the carrier’s push to deliver more profitable packages.

Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...

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 (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a ...