Its ability to make money has been constrained by the fact that Amazon is both its largest customer and competitor ...

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer but that it isn't its most profitable ...

This also comes as Amazon has continued to reduce its reliance on external delivery services. In 2022, the company delivered more packages to U.S. homes than UPS for the first time in a single year, ...

Amazon is UPS’s biggest customer ... It’s not the first time Amazon has lost delivery slots with a third-party firm – in 2019, FedEx ended its contract with the retail giant.

But the switch poses a challenge for the Atlanta-based company, which now must put more packages on its own trucks with drivers earning union wages – unlike rivals without labour unions such as FedEx ...

Shares in the world's largest parcel delivery ... The Amazon announcement surprised many on Wall Street. It is the latest move by industry leaders UPS and FedEx to revamp their operating ...

NEW YORK – United Parcel Service (UPS ... like FedEx and Amazon. In 2024, a commercial carrier like UPS could pay the Postal Service US$2.79 (S$3.79) to do the final mile of delivery on a ...

suffered their worst day ever on Thursday, after the package-delivery giant announced ... Meanwhile, Amazon's stock fell 1%, and shares of UPS rival FedEx Corp. (FDX) declined 2.1%.

Amazon accounted for 11.8% of UPS' overall revenue in 2024. Between 2021 and 2024, UPS on average reduced the number of packages it delivered for Amazon by about 250,000 per day.

He points to “Fulfillment by Amazon,” which is now delivering packages of other retailers on the Amazon platform, packages that were being delivered by UPS, FedEx or the post office.