“Its margin is very dilutive to the U.S. domestic business.” Considering that Amazon accounted for 11.8% of UPS’s total revenue for the year, which translates to roughly $10.7 ...

Amazon (NASDAQ: AMZN) is an online retail powerhouse, selling and delivering its own products and acting as a middleman for ...

Amazon, a competitor as well as a customer bringing in over one-tenth of UPS’ revenue, had turned unprofitable for the shipper, and in January of this year, UPS announced plans to slash the ...

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.

Amazon has hired FedEx to handle some of its large package deliveries, the companies said on May 12, weeks after UPS said it ...

Amazon accounted for 11.8% of UPS' overall revenue in 2024. "The actions we are taking to reconfigure our network and reduce cost across our business could not be timelier," Tome said. Last year ...

UPS on Tuesday announced it is planning to cut 20,000 jobs this year, part of a cost-cutting effort that's linked to the delivery giant's decision to deliver fewer packages from Amazon ...

Amazon and FedEx have entered a package delivery deal, with FedEx becoming "one of several third-party partners to deliver packages" to Amazon customers.

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 ...

Amazon has hired FedEx to handle some of its large package deliveries, the companies said Monday, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and ...

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 ...