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7 Words Explain Why UPS Is Cutting Amazon Loose - Inc.com
3 days ago · For Amazon and UPS, the relationship started to change during the 2013 holiday season after a meltdown of the UPS shipping network led to millions of gifts not arriving in time for Christmas. The ...
UPS breaks with Amazon to take ‘control of own destiny’
Feb 2, 2025 · In 2024, Amazon made up 11.8 per cent of UPS’ total revenue of US$91.1 billion. The revised agreement to halve shipping volumes, which will be in full effect by June 2026, comes as the two firms ...
Why UPS is Slashing Amazon Shipping Volumes by 50%
Feb 3, 2025 · UPS’s decision to reduce Amazon volumes aligns with its broader strategy to focus on more profitable sectors such as healthcare and SMBs. The company is also working on cost-cutting measures to improve financial performance. In January 2024, UPS laid off 12,000 workers, aiming to save US$1bn as part of its ongoing efficiency drive.
UPS to cut its Amazon business by more than 50%. Here’s why.
Jan 30, 2025 · Shares of United Parcel Service Inc. suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its...
UPS to Ship Fewer Amazon Packages; Shares Plunge - Business …
Jan 30, 2025 · UPS's CEO said Thursday that it would reduce the number of Amazon packages it handles as profit from those shipments shrinks. "This was not their ask," Carol Tomé said on an investor call....
UPS shares tank after weak guidance, plan to slash Amazon …
Jan 30, 2025 · UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
UPS to cut Amazon volume by more than 50% | Supply Chain Dive
Jan 30, 2025 · UPS will reduce the amount of Amazon volume it delivers by more than 50% by the second half of 2026 under an agreement in principle reached by the two companies, UPS announced Thursday. The carrier determined if it took no action on its relationship with Amazon, it would likely result in diminishing returns, CEO Carol Tomé said on a Q4 ...
Amazon.com: Ups
Amazon Basics Line Interactive UPS 1500VA 900 Watt Surge Protector Battery Power Backup, 10 Outlets, Black
UPS to cut Amazon partnership by more than 50% - The Atlanta …
Jan 30, 2025 · UPS’ CFO Dykes added that the shift with Amazon will mean a drop in “fixed costs” including reducing labor, closing up to 10% of UPS’ buildings and cutting back its vehicle and aircraft ...