7 Words Explain Why UPS Is Cutting Amazon Loose - Inc.com
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 …
UPS to cut its Amazon business by more than 50%. Here’s why.
Jan 30, 2025 · Shares of United Parcel Service Inc. suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with …
Why UPS is Slashing Amazon Shipping Volumes by 50%
Feb 3, 2025 · UPS is making a bold move to reduce its reliance on Amazon, announcing plans to cut shipping volumes for the ecommerce giant by more than 50% under a new agreement. …
UPS to Ship Fewer Amazon Packages; Shares Plunge - Business …
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 …
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UPS to cut Amazon volume by more than 50% | Supply Chain Dive
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 …
UPS breaks with Amazon to take ‘control of own destiny’
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, …
UPS shares tank after weak guidance, plan to slash Amazon …
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 …
UPS to cut Amazon partnership by more than 50% - The Atlanta …
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 …
UPS Stock Plunges After Plans for 50% Amazon Volume Cut
Jan 30, 2025 · UPS stock is lower after announcing that it plans to cut volume for Amazon, its largest customer, by more than 50% by late 2026. Here's what you need to know.