UPS Plans to Cut Amazon Package Volume by 50% Due to Profitability Concerns
United Parcel Service (UPS) announced plans to halve its Amazon package volume by the second half of 2026, citing concerns over profitability. The move has sent shockwaves through the market, with UPS shares plummeting over 14% on Thursday. According to CEO Carol Tome, Amazon is not the most profitable customer for UPS, but it remains … Read more