UPS Shares Slide on Plans to Slash Volume of Business With Amazon — 2nd Update
UPS is also insourcing deliveries through SurePost, its home-delivery service for smaller packages. UPS used to drop packages with the U.S. Postal Service for last-mile delivery, but it ended the ...
UPS to cut its Amazon business by more than 50%. Here's why.
UPS's stock tumbled 17% in midday trading, putting it on track to break the current record selloff of 12.1% seen on July 23, 2024. It was by far the biggest decliner in the S&P 500 index SPX and was ...
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Auto & Transport Roundup: Market Talk
The pullback comes as a surprise and serves as an acceleration to the glide down of UPS’s Amazon business that “has long ...