Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...
UPS shares sunk 13.6% to $115.60 in afternoon trading as investors absorbed the news, which dragged FedEx shares down 2%. "The agreement with Amazon to reduce volumes ... S&P 500 (.SPX), opens new tab ...
Days after U.S. President Donald Trump ended duty-free entry for cheap Chinese goods entering the U.S., his administration ...
UPS has shifted away from less profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
Wald also sees the recent shorter-term action as a sign ... If Amazon will feels any impact from the loss of most of UPS's deliveries, it won't be for very long. Keep in mind that when FedEx ...
We predict UPS stock will continue downward trend in 2025 despite cost-cutting measures, with the potential for sentiment ...
UPS shares tumbled on Thursday after the shipping giant said it would slash Amazon deliveries by more than half. CEO Carol Tome said the move would "put us further down the path to become a more ...