United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. Most Read from BloombergHow the 2025 Catholi
Shares of United Parcel Service Inc (UPS) recorded their worst session ever on Thursday, plunging over 14% to hit levels not seen since July 2020, after the company’s fourth-quarter revenue and guidance fell short of Wall Street estimates while a reduction in Amazon deliveries disappointed investors.
Sandy Springs-based shipping company United Parcel Service, aka UPS, announced it would be reducing how many packages it carries for its largest customer by 50% through 2026.
Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will decrease by over 50% by
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most profitable customer.
Shares of United Parcel Service 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 largest customer,
United Parcel Service (UPS) shares plunged 14% on Thursday after the company announced plans to reduce its business with Amazon by more than 50% by June 2026.
United Parcel Service UPS reported better-than-expected fourth-quarter 2024 earnings on Jan. 30. However, revenues fell short of the Zacks Consensus Estimate and the stock tumbled to a multi-year low of $109.
UPS stock fell by 14%, after it announced an agreement that would cut its delivery business with Amazon by 50%.
United Parcel Service (NYSE: UPS) faced its worst single-day stock performance on record after the company released a disappointing 2025 outlook and announced plans to reduce its delivery volume for Amazon,
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