Their largest customer is Amazon and they'll be winding down deliveries for the company by 50% through June 2026.

Shares of United Parcel Service Inc (UPS) recorded their worst session ever on Thursday, plunging over 14% to hit levels not seen since July 2020, after the company’s fourth-quarter revenue and guidance fell short of Wall Street estimates while a reduction in Amazon deliveries disappointed investors.

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most profitable customer.

Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest customer,

Logistics company United Parcel Service (UPS) has announced that Amazon (AMZN) packages sent through its service will decrease by over 50% by

United Parcel Service Inc. suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. Most Read from BloombergHow the 2025 Catholi

Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a significant reduction in its business with Amazon (AMZN), its largest customer.

United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for its largest customer, Amazon.com, a surprise move that sent shares tumbling as much as 18%.

United Parcel Service UPS reported better-than-expected fourth-quarter 2024 earnings on Jan. 30. However, revenues fell short of the Zacks Consensus Estimate and the stock tumbled to a multi-year low of $109.

Avery Dennison (NYSE:AVY) was rising after J.P. Morgan upgraded the materials science and digital identification solutions company, citing that the market unduly penalized the stock.

UPS stock fell by 14%, after it announced an agreement that would cut its delivery business with Amazon by 50%.