UPS CEO Says Amazon Is 'Our Largest,' But 'Not Our Most …

Jan 31, 2025 · Amazon made up 11.8% of UPS's total company revenue in fiscal 2024, however, the margin on Amazon packages is "very dilutive" to its U.S. domestic business, the CEO disclosed on the call.

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UPS CEO Says Amazon Is 'Our Largest,' But 'Not Our Most …

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UPS Slashing Amazon Volume By 50% In Push For Profitability

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Jan 30, 2025 · “Amazon is our largest customer but not our most profitable,” UPS CEO Carol Tomé said. (Photo: Jim Allen/FreightWaves) UPS said it will cut the volumes it handles for …

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Amazon’s Logistics Success Is A Mixed Package For UPS

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13 hours ago · While Amazon is UPS’s largest customer, accounting for almost 12 per cent, or $11bn, of total revenue last year, the business has been — in the words of boss Carol Tomé …

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UPS Reducing Amazon Delivery Volume; Shares Slump On 2025 …

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Jan 30, 2025 · UPS to cut Amazon deliveries by more than 50% by 2026; CEO Tome says Amazon business dilutes margins; ... "Amazon is our largest customer, but it's not our most …

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UPS Stock Plummets 15% Because It's About To Do A Lot Less …

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Jan 30, 2025 · “Amazon is our largest customer, but it’s not our most profitable customer,” UPS CEO Carol Tomé said during the company’s Jan. 30 earnings call. “Its margin is very dilutive …

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UPS Shares Tank 15% After Weak Guidance, Plan To Slash Amazon ...

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Jan 30, 2025 · UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable customer. IE 11 is not supported. For an optimal …

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

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Jan 30, 2025 · “Amazon is our largest customer, but it’s not our most profitable customer,” Chief Executive Carol Tomé said on a call with analysts, according to an AlphaSense transcript.

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Sandy Springs-based UPS Announces 50% Reduction In Amazon

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Jan 31, 2025 · Sandy Springs-based shipping company UPS announced it would be reducing how many packages it carries for Amazon, its largest customer. The change is being made to make …

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UPS CEO Defends Amazon Glide Down Decision, But Wall

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Jan 31, 2025 · Shares of United Parcel Service Inc (UPS) recorded their worst session ever on Thursday, plunging over 14% to hit levels not seen since July 2020, after the company’s fourth …

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UPS Stock Plummets 15% Because It’s About To Do A Lot Less …

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Jan 30, 2025 · While the loss of Amazon’s business might appear to be a major blow, UPS justified the decision as part of a broader strategy to prioritize more profitable deliveries. …

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UPS CEO Says Amazon Is 'Our Largest,' But 'Not Our Most …

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Jan 31, 2025 · United Parcel Service, Inc. UPS reported its fourth-quarter results on Thursday and announced a plan to reduce its Amazon.com, Inc. AMZN package volume by more than 50% …

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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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UPS CEO Says Amazon Is 'Our Largest,' But 'Not Our Most …

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Jan 31, 2025 · UPS announces a plan to reduce its Amazon package volume by more than 50% by the second half of 2026. CEO Carol Tome gave more details on the company's …

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Is Amazon ups' largest customer?

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable customer. A UPS delivery truck drives through in intersection in San Francisco in 2023. Justin Sullivan / Getty Images file ...

Is ups a profitable customer?

At the same time, UPS said it is reconfiguring its U.S. network and launching multiyear efficiency initiatives that it expects will result in savings of approximately $1 billion. 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. ...

Is Amazon better than ups?

By some estimates, Amazon’s in-house logistics operations have grown to rival or exceed the size of major carriers. UPS has, for its part, taken more aggressive cost-control measures, including catering to more profitable delivery customers. ...

Does ups make money with Amazon?

UPS, for example, has been delivering packages for Amazon for almost 30 years. But making money from this partnership has grown harder for the $97bn logistics company. UPS’s ability to demand higher shipping rates has been constrained by the fact that Amazon is both its largest customer and competitor. This tension is no longer under wraps. ...

Will ups slash Amazon volume in push for profitability?

The post appeared first on FreightWaves. UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability. The post UPS slashing Amazon volume by 50% in push for profitability appeared first on FreightWaves. ...

Does ups have a big Amazon reduction?

UPS’s big Amazon reduction isn’t all that’s changing. The company also made changes to its UPS SurePost service. Effective Jan. 1, 2025, UPS moved all of SurePost operations in-house, ending its reliance on the U.S. Postal Service for last-minute delivery. ...