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

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

“Amazon is our largest customer, but it’s not our most profitable customer,” Carol B. Tomé, the chief executive officer, said on a conference call that day to discuss its earnings. Although Amazon ...

Its ability to make money has been constrained by the fact that Amazon is both its largest customer and competitor ...

United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for ...

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

UPS has been shipping Amazon packages for nearly 30 years, she added. The Seattle-based online retailer accounted for nearly ...

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...

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

UPS announced it would decrease shipping volume from Amazon, its biggest customer, by more than 50%. UPS shares plummeted Thursday after the Atlanta-based shipping giant announced it would ...