Companies

UPS to Slash Package Deliveries for Amazon

UPS stock fell to its lowest trading price since 2020 on the news the shipping giant will halve its deliveries for Amazon by the end of 2026.
UPS to Slash Package Deliveries for Amazon
A delivery vehicle passes by a UPS depot in New York City, on June 29, 2023. John Minchillo/AP Photo
Austin Alonzo
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Shares of UPS crashed to their lowest price since 2020 after the shipping giant announced it will slash its business with Amazon.

On Jan. 30, the Atlanta-based United Parcel Service, Inc. issued its fourth-quarter earnings release summarizing the company’s performance in 2024. During a conference call accompanying the earnings release, UPS CEO Carol Tomé said the company wasn’t expecting its demand to rise in 2025 and would be reducing its business with Amazon.com Inc.
Austin Alonzo
Austin Alonzo
Reporter
Austin Alonzo covers U.S. political and national news for The Epoch Times. He has covered local, business and agricultural news in Kansas City, Missouri, since 2012. He is a graduate of the University of Missouri. You can reach Austin via email at [email protected]
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