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International Business Times
International Business Times
Business
Carla St. Louis

FOUND: Ups stock takes hit over fewer amazon deliveries | Mind Blowing Facts

Amazon UPS United Parcel Service USPS Wall Street Journal

United Parcel Service (UPS) shares plunged 14% on Thursday after the company announced plans to reduce its business with Amazon by more than 50% by June 2026.

The 18-month shift is expected to lower 2025 revenue to $89 billion, down 2.3% from 2024, as Amazon accounted for nearly 12% of UPS's revenue last year, reported the Wall Street Journal.

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