Logistics Corporation
Appears in 1 story
Restructuring operations, exiting Amazon business
Amazon was UPS's largest customer for nearly three decades. On January 27, 2026, UPS announced 30,000 additional job cuts and 24 facility closures to slash Amazon deliveries by more than half, calling the relationship 'extraordinarily dilutive' to profit margins. UPS stock rose 4% in pre-market trading on the earnings beat, then pulled back on a weak first-quarter outlook.
Updated May 23
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