Published on 31 Jan 2025 on Benzinga
UPS CEO Says Amazon Is 'Our Largest,' But 'Not Our Most Profitable Customer' -...
United Parcel Service, Inc. UPS reported its fourth-quarter results on Thursday and announced a plan to reduce its Amazon.com, Inc. AMZN package volume by more than 50% by the second half of 2026. The announcement comes as part of a set of strategic initiatives UPS launched to drive approximately $1 billion in savings by reconfiguring its U.S. network.
The Details: UPS executives laid out additional details during the company's earnings call with analysts.