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Why UPS is Slashing Amazon Shipping Volumes by 50%
3 天之前 · 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.
2025年1月30日 · Earnings Results UPS to cut its Amazon business by more than 50%. Here’s why. UPS’s stock suffers record selloff as a revenue miss and downbeat outlook increase worries about how losing Amazon ...
UPS breaks with Amazon to take ‘control of own destiny’
3 天之前 · 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 ...
UPS reducing Amazon delivery volume; shares slump on 2025 …
2025年1月30日 · Amazon accounted for 11.8% of UPS' overall revenue in 2024. Between 2021 and 2024, UPS on average reduced the number of packages it delivered for Amazon by about 250,000 per day.
UPS to cut Amazon volume by more than 50% | Supply Chain Dive
2025年1月30日 · 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 ...
UPS announces major cutback in Amazon relationship
6 天之前 · UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning. The Georgia-based logistics company will cut the volume it ...
UPS shares tank after weak guidance, plan to slash Amazon …
2025年1月30日 · UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
UPS Stock Falls After Amazon Business Cut - Newsweek
6 天之前 · Amazon and its affiliates accounted for around 11.8 percent of UPS revenue in 2023. The move comes as Amazon continues to expanding its own logistics network—developing an extensive system of ...
UPS is hugely scaling back its Amazon shipping deal
6 天之前 · Amazon only accounted for 11% of UPS’s $91.1 billion revenue in 2024, down from 13.3% in 2020 when pandemic-induced online shopping saw figures rise. UPS to cut down on Amazon shipments
UPS plans to slash its shipping business with Amazon by half
6 天之前 · Business with Amazon accounted for about 11 percent of UPS' 2024 revenue, which totaled $91.1 billion. Amazon was a larger share of UPS' revenue during the peak of the COVID-19 pandemic; in 2020 ...
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