UPS to cut Amazon business by more than 50%, and stock heads for record selloff
UPS said it reached an agreement in principle with its largest customer to lower its volume by more than 50% by the second half of 2026. In UPS's latest annual report, the company singled out ...
UPS to cut Amazon business by more than 50%. Its stock is tumbling.
UPS said it reached an agreement in principle with its largest customer to lower its volume by more than 50% by the second half of 2026. In UPS's latest annual report, the company singled out ...
SJ family desperate to find father's ashes after USPS delivered them to wrong address
A San Jose mother and son desperate to get his father's cremated remains after the U.S. Postal Service said they were delivered to the wrong address. Fifty-four-year-old Michael Voorhees's life was ...
JPMorgan expects UPS to materially underperform on accelerated Amazon glide-down
JPMorgan analyst Brian Ossenbeck expects UPS (UPS) shares to “materially underperform” as the market digests the strategic and financial ...
UPS unveils cost-cutting push as tepid parcel shipment demand weighs on outlook
For its current fiscal year, UPS said it expects to report revenue of around $89 billion, below Wall Street expectations for a forecast of $94.9 billion, according to Bloomberg consensus estimates.
UPS announces strategic actions
The company announces the following set of strategic actions: first, it has reached an agreement in principle with its largest customer to ...
UPS Sees 2025 Revenue Slipping, Plans to Cut Volumes with Top Customer
The company said it had reached an agreement in principle with its top customer to lower volume by more than 50% by the end of 2025. UPS has also decided to insource all of its UPS SurePost products ...
UPS says 2025 revenue to slide on fewer Amazon deliveries; shares drop
United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, ...