NYSE:UPSLogistics
UPS Exits Amazon As Volumes Fall And Profit Mix Comes Into Focus
United Parcel Service (NYSE:UPS) has fully exited its largest customer relationship with Amazon, triggering a sharp reset in its US business.
The shift has coincided with double digit declines in US domestic delivery volumes and a workforce reduction of about 48,000 jobs.
UPS’s CEO has described the move as the most significant change in the company’s direction so far, reframing how the business pursues growth and scale.
For investors watching NYSE:UPS, this pivot comes at a time when the...