Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business ... partner, Amazon. Newsweek has contacted UPS via email for comment.

This change is part of UPS’s “glide down” strategy, which aims to optimise its business model by focusing on more profitable clients and reducing dependence on Amazon. Despite this reduction ...

In recent years, Amazon has developed its own fleet of aircraft and delivery trucks. But as its business has grown, it has also needed to keep shipments flowing through other couriers like UPS.

"Amazon is our largest customer, but it's not our most profitable customer," said UPS CEO Carol Tome, adding that the business is ... are revamping operating strategies to cope with stubbornly ...

Last year, UPS announced it would part with more than 12,000 workers in multiple rounds of layoffs as part of its cost-cutting strategy. Amazon ships ... joined the Atlanta Business Chronicle ...

FedEx and Amazon have signed a multiyear agreement for residential delivery of select large packages. This agreement follows ...

While the loss of Amazon’s business might appear to be a major blow, UPS justified the decision as part of a broader strategy to prioritize more profitable deliveries. “Amazon is our largest ...

Investors signalled unease with Tomé’s strategy ... years, Amazon has developed its own fleet of aircraft and delivery trucks. But as its business has grown, it has also needed to keep shipments ...