UPS to cut its amazon business by more than 50%

[Moneythehardway]

The beginning of less drivers?

https://finance.yahoo.com/news/ups-shares-plunge-plan-slash-143438276.html

UPS Shares Plunge on Plan to Slash Amazon Business By Half

United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year and prompting it to slash its low-margin business with Amazon.com Inc.

“Amazon is our largest customer, but it’s not our most profitable customer,” Chief Executive Officer Carol Tomé told investors on a conference call.

Amazon confirmed it would ship fewer parcels with UPS, even though the online retailer had initially asked to ship more through the courier.

 

[KearsargeCoop]

It seems like this has been the plan all along. These press releases are wording it like UPS told Amazon to pound sand, but ultimately Amazon has been chipping away at volume for years.
I see Amazon delivering all their own stuff with x miles of major metros and keeping hard to reach America on UPS trucks. Equaling 50 percent decline in volume.

Nothing to see here.