Reported about 10 hours ago
UPS has projected a decline in its 2025 revenue as it reduces deliveries for Amazon, its largest customer, leading to a nearly 15% drop in shares. The company is responding to persistent weak demand for premium delivery services and plans to cut Amazon volumes by over 50% by mid-2026. Despite this setback, UPS aims to improve profitability through operational changes and efficiency initiatives, forecasting a revenue of $89 billion for 2025.
Source: YAHOO