Amazon is planning to spend up to $4 billion to enhance its ability to deliver in rural areas. The e-commerce giant has ...

UPS's stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazon's business will affect results Shares of United Parcel Service Inc. suffered ...

Amazon last year accounted for 12% of UPS’s business, the company said. In January, UPS announced its plan to cut its Amazon deliveries by more than half in an attempt to boost profits by ...

UPS announced a seismic ... customer,” Tomé said. The Amazon news is something the company needed to address, she said, as it executes a major shift in its business model.

UPS said Thursday that it would cut its business with Amazon in half by mid-2026. CEO Carol Tomé said Amazon's business with UPS, while big, was becoming less profitable. Amazon has been building ...

UPS said Tuesday that it expects to cut 20,000 jobs this year and close 73 buildings in the next two months, as the company reduces its business with Amazon and faces wider economic uncertainty.

UPS is looking to slash about 20,000 jobs and close more than 70 facilities as it drastically reduces the amount of Amazon shipments it handles. The package delivery company said Tuesday that it ...

United Parcel Service UPS0.97%increase; green up pointing triangle is going to do a lot less business with its biggest customer, Amazon AMZN 0.20%increase; green up pointing triangle.com.

after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest customer, by more than half. While UPS UPS explained that the move was part of ...