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UPS shared tank after weak guide, plan to slash Amazon shipment

Amazon Prime and EPEs are seeing in a building at Washington DC, United States in July 12, 2024.

Jakub porzycki | Nurphoto | Getty images

Stock of Unit Service Parcel engaged over 15% Thursday after the company issued the year of year and said he thought he has to cut the shipments for Amazonits biggest customer, than more than half.

The shipping giant said its report of earning fourth that “reached a deal in the beginning with its greatest customer to abandon his volume from more than 50% from the second half of 2026.”

At the same time, UPS said that their US net and launch the acid of multi-year evidence that you expect to savings about $ 1 billion.

UPS CLEO CLEO CELL TOME TAKE A call with investors that Amazon is the largest customer but it’s not the most profitable customer. “His margin is very diluted to US Domestic Business,” added.

“We’ve been doing traded and operating changes that we have been found to be to become a to become more to become more profitable, agile and differentiated in the best parts of the market” Tome said in a statement . I am

The Amazon Palyson Kelly Nantel said CNBC in a statement that UPS asked a reduction in volume “because of their operating needs.”

“Cyms we will respect their decision:” Nantel told in a statement. “We’ll contact you with them and many other carriers to serve our customers”.

Amazon said before the UPS adoles that had offered to increase the UPS volumes.

Apers first 2025 billion $ 91.1 Billion in 2024. It is well-heard of $ 94.88 billion, according to lsg analysts.

For the fourth quarter, UPS has missed $ 25,30 billion $ 25,42 billion analysis predicted in a survey by lsg.

Amazon has long fell in love with a mixture of important carriers for shipments, including ups, FedEx and the United States Postal Service. Pressed the number of package sent through the follow-up and other careers in the past few years as they seem to have more checks.

Amazon quickly built its own logistic empire since a 2013 vacation fiasco left their packages torn into the hands of external carriers. The company now mile of the final shipping companies that escusively exclusively for Amazon, and also a network in-house, trucks and ships. By some estimates, the logistics operations at Amazon’s English house have grew rivals or exceeds the size of the important carriers. I am

UPS has, for their part, taken the most aggressive controls measures, including catering to the most profile shipping customers. On the invester call, highlight, small business, international and business-to-to-to-to-to-to-to-to-part of parts “in the recent quarters, ups has benefited by a volume flow from bargain backdays and shoin, they rapidly earned the popularity in the United States

Last January, UPS Take 12,000 employees as part of an offer to accomplish $ 1 billion in cost of cost.


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2025-01-30 21:01:00

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