Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...

Amazon’s stock surged 1.3% to close at $237.68 on Friday. It reached as high as $240.29 in intraday trading, which was ...

Shares in the world's largest parcel delivery ... The Amazon announcement surprised many on Wall Street. It is the latest move by industry leaders UPS and FedEx to revamp their operating ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...

Amazon accounted for nearly 12% of UPS's total revenue in 2024, as well as 20-25% of its U.S. package volumes.

Considering that Amazon (AMZN) accounted for 11.8% of UPS's total revenue for the year, which translates to roughly $10.7 billion, it didn't help that the delivery giant also resumed its pattern ...

Backing away from Amazon also brings UPS more in line with FedEx Corp., which has long viewed ... upended the economics of parcel delivery for other package handlers. While big couriers such ...

After facing iced-over roads and snow,  Houston-area package delivery companies are set to resume regular hours for the rest ...

Amazon accounted for 11.8% of UPS' overall revenue in 2024. Between 2021 and 2024, UPS on average reduced the number of packages it delivered for Amazon by about 250,000 per day.

which dragged FedEx shares down 2%. "The agreement with Amazon to reduce volumes by more than 50% in 18 months is a surprise," Evercore ISI analyst Jonathan Chappell said in a note, adding that UPS' ...