UPS shares tank 17% after weak guidance, plan to slash Amazon deliveries by more than half

Quick Summary:

UPS has shifted away from less profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.

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Category: Technology

Markets: United States

Topics: Cnbc Source:tagname:CNBC US Source Internet Breaking News: Technology Technology Retail industry Articles Retail Business United Parcel Service Inc Transportation E-commerce Business News US: News FedEx Corp Amazon.com Inc Breaking News: Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 17:02:22 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CNBC

News ID: 25641238

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