“Its margin is very dilutive to the U.S. domestic business.” Considering that Amazon accounted ... 2025 revenue would decline, while Wall Street was projecting growth. UPS’s stock tumbled ...

UPS on Thursday projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the business it does with Amazon over the next 18 months.

UPS plans to shed about 20,000 front-line positions in 2025 as it manages the decline in unprofitable business from Amazon and a huge restructuring of its delivery network, executives said Tuesday ...

"Its margin is very dilutive to the U.S. domestic business ... last year was 11.8%. The decline in Amazon volume will lead to fewer packages being delivered by UPS, but at more profitable ...

Sarah Burris is a long-time veteran of political campaigns, having worked as a fundraiser and media director across the United States. She transitioned into reporting while working for Rock the ...

Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business ... partner, Amazon. Newsweek has contacted UPS via email for comment.

has been building up the company’s artificial intelligence offerings. The cloud business grew 17 percent, to $29.3 billion, in the first quarter. Mr. Jassy said Amazon could have sold more cloud ...

"Its margin is very dilutive to the U.S. domestic business." Considering that Amazon (AMZN ... 2025 revenue would decline, while Wall Street was projecting growth. UPS's stock tumbled a record ...