UPS shares fell over 15% Thursday after issuing weak revenue guidance and announcing plans to cut Amazon deliveries by more than 50% by late 2026. The shipping giant reported fourth-quarter revenue that missed analysts’ estimates. CEO Carol Tome stated that Amazon, while UPS’ largest customer, is not its most profitable. Amazon, which has expanded its logistics operations, said UPS requested the reduction in volume due to operational needs. UPS is restructuring its U.S. network and implementing cost-cutting initiatives to save $1 billion.
