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3 days ago · The debacle spurred Amazon to accelerate the build-out of its own delivery network to reduce its reliance on third-party shippers like UPS. Estimates suggest that Amazon has spent well over $100 ...

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Feb 2, 2025 · In 2024, Amazon made up 11.8 per cent of UPS’ total revenue of US$91.1 billion. The revised agreement to halve shipping volumes, which will be in full effect by June 2026, comes as the two firms ...

Jan 30, 2025 · UPS’ CFO Dykes added that the shift with Amazon will mean a drop in “fixed costs” including reducing labor, closing up to 10% of UPS’ buildings and cutting back its vehicle and aircraft ...

Jan 30, 2025 · UPS will reduce the amount of Amazon volume it delivers by more than 50% by the second half of 2026 under an agreement in principle reached by the two companies, UPS announced Thursday.

Jan 30, 2025 · UPS's CEO said Thursday that it would reduce the number of Amazon packages it handles as profit from those shipments shrinks. "This was not their ask," Carol Tomé said on an investor call....

Jan 31, 2025 · The move to scale back shipments for Amazon.com Inc. by 50% is designed to allow the courier to focus on more profitable clients. Carol Tomé , UPS’ chief executive officer, defended the shift ...

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Jan 30, 2025 · UPS shares tumbled on Thursday after the shipping giant said it would slash Amazon deliveries by more than half. CEO Carol Tome said the move would "put us further …