On July 12, 2024, Amazon Prime and UPS trucks were seen on a building in Washington, USA.
Jakub Porzycki | Radio | Getty Image
Shares Joint package service After the company released the revenue guidelines for the year, it plummeted by more than 17 % on Thursday, and said AmazonIts largest customers have more than half.
Transport giant said The revenue report in the fourth quarter It “reached an agreement with the largest customer in principle to reduce its number to more than 50 % in the second half of 2026.”
At the same time, UPS stated that it is re -configuration of its US network and launched many years of efficiency plans. It is expected that the plan will save about $ 1 billion.
UPS CEO CAROL TOME said in a phone call with investors that Amazon is the largest customer of UPS, but this is not the company’s most favorable customer. She added: “Its profits are very diluted in the United States’ domestic business.”
“We are making business and operation changes. With the basic changes we have made, we will make us go further and become a more favorable, agile and differentiated UP, the best in the market Part of the growth, “TOME said in a statement.
Amazon spokesman Kelly Nantel told CNBC in a statement that UPS demanded reduction of “due to their operating needs.”
In a statement, Nantel said: “Of course we respect their decision.” “We will continue to work with them and many other operators to serve customers.”
Amazon said before UPS announced that it proposed to increase the amount of UPS.
UPS predicts that revenue in 2025 is $ 89 billion, less than $ 91.1 billion in 2024. According to analysts of LSEG voting, this is far lower than the consensus estimate of income in 2025.
In the fourth quarter, UPS missed the income and reported a US $ 25.3 billion and US $ 25.54 billion analysts in LSEG’s survey.
Amazon has long rely on major operators to deliver, including UPS, Federal Express And American Postal Services. However, in recent years, it has reduced the number of software packages sent through UPS and other operators because it seems to have more control over the control of delivery.
Since Amazon, Amazon has quickly established its own logistics empire 2013 holiday defeat The parcel is stranded in the hands of the external carrier. The company is now responsible for monitoring thousands of last mile delivery companies. These companies provide parcels for Amazon, as well as internal networks of aircraft, trucks and ships. According to some estimates, Amazon’s internal logistics operation Has grown into competitors Or exceed the size of the main carrierEssence
As far as it is concerned, UPS has adopted more positive cost control measures, including catering to more favorable delivery customers. In the last quarter, UPS Benefit From the bargaining retailers TEMU and Shein poured in, these retailers are rapidly more and more popular in the United States
In January last year, UPS Removal 12,000 employees As part of the bidding for the cost of $ 1 billion.
