Hosted on MSN

Amazon Cuts Deepen: UPS to Lay Off 20,000 as Shipments Drop

In a move that will reshape its workforce, United Parcel Service (UPS) has announced plans to lay off 20,000 workers and close 73 facilities. This decision follows a significant shift in its ...
Retail Dive

UPS to cut Amazon volume by more than 50%

UPS will reduce the amount of Amazon volume it delivers by more than 50% by the second half of 2026 under an agreement in principle reached by the two companies, UPS announced Thursday. The carrier ...
The Motley Fool

Is Amazon Paying $4 Billion to Break Up With UPS?

As with any good breakup drama, the story between Amazon and UPS, as United Parcel Service is called for short, is hard to call. UPS says that the Amazon business it was doing was high volume, but low ...
Business Insider

UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'

UPS said Thursday that it would cut its business with Amazon in half by mid-2026. CEO Carol Tomé said Amazon's business with UPS, while big, was becoming less profitable. Amazon has been building out ...
The Spokesman-Review

UPS announces major cutback in Amazon relationship

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop Thursday morning. The Georgia-based logistics company will cut the volume it ...