UPS Stock Falls After Amazon Business Cut
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS is cutting its business with Amazon in half by the middle of next year due to profitability concerns, CEO Carol Tomé said ...
UPS to cut its Amazon business by more than 50%. Here’s why.
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an ...
UPS announces major cutback in Amazon relationship
UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...
UPS Q4 Earnings: Major Customer Volume Cut Raises Jitters, Stock Tanks
UPS reports mixed Q4 results with revenue of $25.3B and adjusted EPS of $2.75. Plans for operational changes and expects $89B ...
UPS Is Shedding Dead Weight, But It Might Not Be Enough
United Parcel Service struggles with declining revenue and profit margins, with a significant stock drop due to strategic ...
These Stocks Are Moving the Most Today: Tesla, Microsoft, Meta, UPS, IBM, Nvidia, Comcast, Las Vegas Sands, American, Juniper, and More
Stocks fluctuated Thursday as shares of tech companies struggled following mixed earnings and as Wall Street awaited Apple’s ...
S&P 500 Gains and Losses Today: UPS Stock Drops as Shipper Trims Amazon Deliveries
The S&P 500 added 0.4% on Thursday, Jan. 30, as a report showed consumer spending continued to buoy economic growth.