FedEx (NYSE:FDX) stock tumbled 3.5% today after rival United Parcel Service Inc. (NYSE:UPS) released a revenue forecast that fell short of market expectations, signaling weaker demand in the parcel delivery sector.
· 3h
UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half
· 6h · on MSN
UPS Reducing Amazon Delivery Volume; Shares Slump on 2025 Revenue Hit
UPS Stock Sinks on Plans to Slash Business with Amazon — 3rd Update
United Parcel Services is going to do a lot less business with its biggest customer, Amazon.com. UPS on Thursday projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the business it does with Amazon over the next 18 months.
FedEx stock is trading lower on Thursday in sympathy with United Postal Service, which fell after it reported 2024 fiscal-year fourth-quarter earnings.
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United Parcel Service (UPS) Q4 Earnings Report Preview: What To Look ForParcel delivery company UPS (NYSE:UPS) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
Amazon.com has taken over the largest delivery business in the U.S., surpassing both UPS and FedEx in parcel volumes, postal service remains biggest delivery service. UPS is leveraging artificial ...
UPS managed to negotiate a contract with USPS and took over its airlift needs from FedEx. The prior USPS-FedEx contract expired at the end of September 2024. UPS management expects the deal to be margin- and EPS-accretive in the first year.
Considering that Amazon (AMZN) accounted for 11.8% of UPS's total revenue for the year, which translates to roughly $10.7 billion, it didn't help that the delivery giant also resumed its pattern of quarterly revenue misses and warned that 2025 revenue would decline, while Wall Street was projecting growth.
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 moves for the retailer by more than 50% by the second half 2026,
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UPS plans to cut deliveries for Amazon, its biggest corporate customer, by more than 50% by the second half of 2026.
In its data on millions of parcels shipped during this period in 2024, ShipMatrix found that the on-time performance (OTP) for the three national carriers—FedEx, UPS, and the United States Postal Service (USPS),
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