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

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...

(Bloomberg) -- United Parcel Service Inc. suffered its biggest one-day share drop ... Amazon.com Inc. by 50% is designed to allow the courier to focus on more profitable clients. Carol Tomé, UPS ...

"We have 5,200 UPS store locations that make it very convenient for customers of Amazon to return their Amazon packages," she said. Amazon has spent years building its logistics services ...

UPS stock tumbled on Thursday as investors digested a weaker-than-expected sales forecast as the company scales back its business with Amazon.