UPS to cut its Amazon business by more than 50%. Here’s why.
3 days ago · Earnings Results UPS to cut its Amazon business by more than 50%. Here’s why. UPS’s stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazon ...
UPS Stock Plummets 14% After Cutting 50% of Amazon Business
3 days ago · Stock update. UPS’s stock tumbled a record 14.1% closing at a price of $114.90, breaking the previous record of 12.1% on July 23, 2024. The UPS stock had closed at the lowest price since July 13 ...
UPS stock plummets 15% because it's about to do a lot less Amazon …
3 days ago · Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a significant reduction in its business with Amazon (AMZN), its largest customer.
UPS Stock Falls After Amazon Business Cut - Newsweek
3 days ago · If the stock cannot recover by the closing bell, this will mark the largest one-day sell-off by UPS in the company's history. ... "By 2026, [UPS] will slash Amazon's package volume by 50 percent ...
UPS shares tank 15% after weak guidance, plan to slash Amazon ...
3 days ago · Amazon said before the UPS announcement that it had offered to increase UPS’ volumes. UPS forecast 2025 revenue of $89 billion, down from revenue of $91.1 billion in 2024.
UPS ($UPS) CEO Defends Amazon Split After Stock Drop
2 days ago · 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 ...
UPS to cut Amazon business by more than 50%. Its stock is …
3 days ago · The stock (UPS) tumbled 11.9% in premarket trading, putting it on track to suffer its second-biggest one-day selloff, behind only the record 12.1% plunge on July 23, 2024.
UPS stock sinks after announcing cut to Amazon deliveries - Axios
3 days ago · United Parcel Service will halve its Amazon package volume to bolster its profitability, but the unexpected move sent the stock tumbling Thursday. Why it matters: UPS gets nearly 12% of its revenue from Amazon deliveries, CEO Carol Tome said on an earnings call. "Amazon is our largest customer, but it's not our most profitable customer.
UPS Stock Sinks on Plans to Slash Business with Amazon
United Parcel Service UPS-0.08%decrease; red down pointing triangle is going to do a lot less business with its biggest customer, Amazon AMZN 1.91%increase; green up pointing triangle.com. UPS on ...
UPS Stock Plunges as Amazon Plans 50% Volume Cut
3 days ago · UPS stock was down 16% in 2024 vs a gain of 25% for the S&P 500, which suggests the market understood the business risk management is addressing with its recent guidance.