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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 spent well over $100 ...
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 Amazon.com Inc., its...
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. This change will take effect in the second half of 2026, reflecting UPS's strategy to focus on more profitable business segments.
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 an investor call....
Amazon.com: Ups
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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 announced Thursday.
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, comes as the two firms ...
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 vehicle and aircraft ...
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.