UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most profitable customer.
UPS Shares Plunge on Plan to Slash Amazon Business By Half
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year and prompting it to slash its low-margin business with Amazon.
UPS Stock Falls After Amazon Business Cut
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
UPS Stock Sinks on Plans to Slash Business with Amazon
UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the business it does with Amazon over the next 18 months.
UPS reducing Amazon delivery volume; shares slump on 2025 revenue hit
United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for its largest customer, Amazon.com, a surprise move that sent shares tumbling as much as 18%.
UPS Asks Amazon (AMZN) to Cut Its Package Volume by 50%
Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will decrease by over 50% by
FedEx shares fall as UPS outlook weighs on sector
FedEx (NYSE:FDX) stock tumbled 3.5% today after rival United Parcel Service Inc. (NYSE:UPS) released a revenue forecast that fell short of market expectations, signaling weaker demand in the parcel ...
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United Parcel Service (UPS) Q4 Earnings Report Preview: What To Look For
Parcel delivery company UPS (NYSE:UPS) will be announcing earnings results tomorrow before market hours. Here’s what ...
What's Going On With FedEx Shares Thursday?
FedEx stock is trading lower on Thursday in sympathy with United Postal Service, which fell after it reported 2024 ...
Should You Buy United Parcel Service (UPS) Stock While It's Below $185?
UPS' low valuation and high yield should limit its downside potential, but its stock probably won't soar back toward $185 ...
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FedEx's trucking spin-off plan to fortify core business, boost industry
which has been slashing expenses and consolidating its express and ground operations to more profitably compete with delivery rivals like United Parcel Service. FedEx disclosed in June it was ...
UPS Is Shedding Dead Weight, But It Might Not Be Enough
United Parcel Service struggles with declining revenue and profit margins, with a significant stock drop due to strategic ...
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united parcel service inc. - UPS
Amazon.com has taken over the largest delivery business in the U.S., surpassing both UPS and FedEx in parcel volumes, postal service remains biggest delivery service. UPS is leveraging ...
Benzinga.com20d
UPS Faces Post-SurePost Challenges: Analyst Sees Long-Term Gain But Near-Term Hurdles
For FedEx, the analyst suggests that its Ground Economy service could benefit if United Parcel and USPS continue to raise rates for the most economical delivery services, thus increasing the ...
United Parcel Service: The End Of Correction Seems Reached (Technical Analysis)
United Parcel Service's financials stabilized, with recent quarters showing revenue and net income growth. Read why UPS stock ...
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UPS Records Worst Single-Day Performance; CWEB Compares Outlook with Competitors
United Parcel Service (NYSE: UPS) faced its worst single-day stock performance on record after the company released a ...