Reported about 13 hours ago
UPS has announced it will significantly cut its Amazon delivery volumes by more than 50% by the second half of 2026, leading to a drop in its stock price. The move aims to enhance profitability as the company shifts its resources to areas with higher yields. While UPS plans to maintain a long-term partnership with Amazon, it will focus on deliveries with multiple pickups or interstate shipments. The announcement comes amidst a cautious revenue outlook for 2025.
Source: YAHOO