United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer.

Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest customer,

Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will decrease by over 50% by

The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.

Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a significant reduction in its business with Amazon (AMZN), its largest customer.

United Parcel Service (UPS) shares plunged 14% on Thursday after the company announced plans to reduce its business with Amazon by more than 50% by June 2026.

United Parcel Service on Thursday forecast downbeat 2025 revenue as it cuts back deliveries for its largest customer, Amazon.com - a move that will shed some of its least-profitable business and help shelter profits from stubbornly weak demand for lucrative services like overnight delivery.

UPS reports robust Q4 performance with increased revenue and operating profit, while navigating challenges in the US market and reducing Amazon volume.

United Parcel Service (UPS, Financials) reported fourth-quarter earnings that exceeded analyst expectations, driven by revenue growth and operational improvements. The corporation is emphasizing operational efficiency in 2025 and higher-margin business divisions while lowering costs to counter a projected drop in Amazon shipment volume.

Shares of parcel delivery company UPS (NYSE:UPS) fell 17.6% in the morning session after the company reported weak fourth-quarter results and provided full-year revenue guidance, which missed significantly.

I would like to welcome everyone to the UPS fourth quarter 2024 earnings conference call. [Operator instructions] It is now my pleasure to turn the floor over to your host, Mr. PJ Guido, investor relations officer.