UPS plans to reduce its shipping with Amazon Half
UPS continues to withdraw from business with Amazon. By the second half of 2026. UPS stated that it would Its volume of delivery for Amazon with more than 50 percent in the processing agreement of companies.
“Amazon is our largest client, but this is not our most baked customer,” said CEO Carol Tome during an investor for the most funding of the delivery and logistics company.
Amazon business represents about 11 percent of 2024 revenue of UPS which generally $ 91.1 billion. Amazon was a larger share of UPS revenue during the Covid-19 pandemic peak; In 2020, the retailer was for 13.3 percent of its annual revenue. UPS shared similar plans to reduce your business with Amazon As his revenue from the retailer decreased from the levels of the quarantine era.
Although Amazon relies on external companies for some delivery, these relationships sometimes become weak, as the retailer continues to increase its internal ability to execute orders. In 2019, FedEx took a similar path to unbuttoning his services from Amazon when he announced that this His contract for delivery of the base with the large technological partner. A few months later, Amazon Third Party Sellers from using FedEx delivery services.
This article originally appeared on Engadget at https://www.engadget.com/big-tech/ups-plans-to-slash-its-shipping-business-amazon-by-half-185913504.html?src= RSS
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