Their largest customer is Amazon and they'll be winding down deliveries for the company by 50% through June 2026.
With United Parcel Service stock moving south, we asses the investment worthiness of the stock at current levels.
UNITED Parcel Service (UPS) suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. Read more at The Business Times.
UPS stock fell by 14%, after it announced an agreement that would cut its delivery business with Amazon by 50%.
UPS plans to cut deliveries for Amazon, its biggest corporate customer, by more than 50% by the second half of 2026.
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...