UPS said it will cut the volumes it handles for Amazon by 50% going into the second half of 2026 as part of a plan to improve profitability at the parcel carrier.
The news was announced during the company’s fourth-quarter earnings release and call with analysts Thursday before the market opened.
E-commerce giant Amazon accounted for 11.8% of revenue at UPS in 2024, but “looking ahead, we project this business, if we take no action, will drive diminishing returns,” CEO Carol Tomé said during the...
https://www.freightwaves.com/news/ups-slashing-amazon-volume-by-50-in-push-for-profitability