By cryptoadmin 
UPS is continuous to withdraw from its enterprise relationship with Amazon. By the second half of 2026, UPS mentioned it should minimize its delivery volumes for Amazon by greater than 50 p.c beneath the businesses' revised association.
"Amazon is our largest buyer, however it’s not our most worthwhile buyer," CEO Carol Tomé mentioned throughout an investor name in regards to the delivery and logistics firm's newest financials.
Enterprise with Amazon accounted for about 11 p.c of UPS' 2024 income, which totaled $91.1 billion. Amazon was a bigger share of UPS' income throughout the peak of the COVID-19 pandemic; in 2020, the retailer was liable for 13.3 p.c of its annual income. UPS shared comparable plans to chop again its enterprise with Amazon in 2023 as its income from the retailer dwindled from quarantine-era ranges.
Though Amazon does depend on exterior firms for some delivery, these relationships have generally turned tenuous because the retailer continues to develop its in-house choices for delivering orders. In 2019, FedEx took an analogous path of uncoupling its companies from Amazon when it introduced that it might not renew its ground-delivery contract with the massive tech associate. A couple of months later, Amazon blocked third-party sellers from utilizing FedEx ground-delivery companies.
This text initially appeared on Engadget at https://www.engadget.com/big-tech/ups-plans-to-slash-its-shipping-business-with-amazon-by-half-185913504.html?src=rss