UPS announces major cutback in Amazon relationship

Jan 30, 2025 · News; National business; UPS announces major cutback in Amazon relationship Jan. 30, 2025 Updated Thu., Jan. 30, 2025 at 4:44 p.m. A UPS driver makes a delivery on June 30, 2023, in Miami. UPS ...

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UPS To Cut Its Amazon Business By More Than 50%. Here’s Why.

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Jan 30, 2025 · Meanwhile, Amazon’s stock fell 1%, and shares of UPS rival FedEx Corp. declined 2.1%. UPS said it reached an agreement in principle with Amazon to lower its volume by more …

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UPS Is Hugely Scaling Back Its Amazon Shipping Deal

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Jan 31, 2025 · Amazon only accounted for 11% of UPS’s $91.1 billion revenue in 2024, down from 13.3% in 2020 when pandemic-induced online shopping saw figures rise. UPS to cut …

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UPS Is Slashing Its Amazon Deliveries By 50% — Best Life

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6 days ago · A major piece of this strategy includes UPS taking a step back from its relationship with Amazon. UPS will slowly pull back from its partnership with Amazon. Amazon might be …

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UPS Plans Major Cutback On Amazon Deliveries | VT News

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UPS has announced a significant reduction in its package deliveries for Amazon, cutting the volume by more than 50% by the second half of 2026, leading to a sharp decline in its stock …

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UPS Cuts Amazon Partnership By 50%: What You Need To Know

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Jan 31, 2025 · "Amazon is our largest customer, but it's not our most profitable customer" - Carol Tome, UPS CEO . UPS has announced a 50% reduction in its long-standing partnership with …

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FAQs about UPS announces major cutback in Amazon relationship Coupon?

Why did UPS cut its Amazon Business?

UPS to cut its Amazon business by more than 50%. Here’s why. - MarketWatch UPS to cut its Amazon business by more than 50%. Here’s why. UPS plans to cut its Amazon business by more than half to focus on more profitable deliveries, and its stock tumbled to a record selloff. ...

Does ups have a relationship with Amazon?

While UPS’ priorities have shifted, Amazon’s capabilities have transformed. But both face obstacles that could complicate plans to reduce business with each other. A United Parcel Service worker delivers packages on April 29, 2020 in New York City. The share of UPS’s revenue tied to top customer Amazon has declined over the past two years. ...

Why is Amazon moving away from ups?

Amazon is shifting away from UPS and other carriers as it works to build its own logistics empire, in part to gain greater control over transit times and the end-customer’s delivery experience. Meanwhile, UPS has chased growth in segments outside of e-commerce in order to boost its profit margins. ...

How does Amazon's decline affect ups?

The decline in Amazon business is affecting more than just revenue. In Q4, UPS’ average daily U.S. domestic volume fell 3.8% YoY, with about half of that drop coming from Amazon, CFO Brian Newman said on a Jan. 31 earnings call. The companies planned for that decline through a previously arranged contractual agreement, he added. ...

Why is Ups reducing shipping volumes for Amazon?

UPS has announced plans to reduce its shipping volumes for Amazon by “more than 50%” under a revised agreement with the global ecommerce giant. The change will come into effect by the second half of 2026, with UPS CEO Carol Tomé indicating the cause being that Amazon is not the delivery company’s most profitable customer, despite being its biggest. ...

Will Amazon rely more on ups than last year?

This pullback in its logistics buildout could lead Amazon to have an equal or greater reliance on UPS compared to last year, Wulfraat said. Possible relief in parcel rates could also weigh on Amazon’s use of UPS. Pricing power is slowly shifting back in favor of shippers as demand softens, following years of capacity constraints and added fees. ...