For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for ...

Amazon’s stock surged 1.3% to close at $237.68 on Friday. It reached as high as $240.29 in intraday trading, which was ...

Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...

FedEx remains the largest employer in Memphis, with over 32,000 employees, according to MBJ research. In December, FedEx ...

United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the ...

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

CEO Carol Tomé said in an earnings call that while Amazon is the shipping giant's biggest customer, it is not the most profitable. The companies' contract was expiring, and UPS l ...

Meanwhile, Amazon's stock fell 1%, and shares of UPS rival FedEx Corp. (FDX) declined 2.1%. UPS said it reached an agreement in principle with Amazon to lower its volume by more than 50% by the ...

United Parcel Service struggles with declining revenue and profit margins, with a significant stock drop due to strategic ...

UPS announced a seismic shift in the relationship with its largest customer, Amazon, prompting a sharp stock price drop ...

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