UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most profitable customer.

United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for its largest customer, Amazon.com, a surprise move that sent shares tumbling as much as 18%.

Bernstein analyst David Vernon has maintained their bullish stance on UPS stock, giving a Buy rating yesterday.Invest with Confidence: Follow

The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.

United Parcel Service (UPS) shares plunged 14% on Thursday after the company announced plans to reduce its business with Amazon by more than 50% by June 2026.

UPS reports robust Q4 performance with increased revenue and operating profit, while navigating challenges in the US market and reducing Amazon volume.

Shares of parcel delivery company UPS (NYSE:UPS) fell 17.6% in the morning session after the company reported weak fourth-quarter results and provided full-year revenue guidance, which missed significantly.

Today's bear gap has UPS falling to more than four-year lows and its largest single-day percentage drop in history. The equity is on the short sell restricted (SSR) list amid the volatility, and sports a 30% year-over-year deficit.

UPS cutting Amazon deliveries in half, expects $89B in 2025. Stock down 13% as company reorganizes due to slow sales.

Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will decrease by over 50% by

PACCAR Inc (PCAR) reports strong financial performance with $33.7 billion in annual revenue and strategic market expansions, despite facing foreign exchange and regulatory challenges.