News
Hosted on MSN4mon
UPS to cut its Amazon business by more than 50%. Here’s why.“Its margin is very dilutive to the U.S. domestic business.” Considering that Amazon accounted ... 2025 revenue would decline, while Wall Street was projecting growth. UPS’s stock tumbled ...
UPS on Thursday 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.
The decline in Amazon business is affecting more than just revenue. In Q4, UPS' average daily U.S. domestic volume fell 3.8% YoY, with about half of that drop coming from Amazon, CFO Brian Newman ...
"Its margin is very dilutive to the U.S. domestic business ... last year was 11.8%. The decline in Amazon volume will lead to fewer packages being delivered by UPS, but at more profitable ...
Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business ... partner, Amazon. Newsweek has contacted UPS via email for comment.
"Its margin is very dilutive to the U.S. domestic business." Considering that Amazon (AMZN ... 2025 revenue would decline, while Wall Street was projecting growth. UPS's stock tumbled a record ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results