Reply to thread

Message

<blockquote data-quote="Moneythehardway" data-source="post: 6053753" data-attributes="member: 18136">The beginning of less drivers?[URL unfurl=&quot;true&quot;]https://finance.yahoo.com/news/ups-shares-plunge-plan-slash-143438276.html[/URL]<a href="https://finance.yahoo.com/news/ups-shares-plunge-plan-slash-143438276.html" target="_blank">UPS Shares Plunge on Plan to Slash Amazon Business By Half</a>&nbsp;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.</blockquote>

[QUOTE="Moneythehardway, post: 6053753, member: 18136"] The beginning of less drivers? [URL unfurl="true"]https://finance.yahoo.com/news/ups-shares-plunge-plan-slash-143438276.html[/URL][URL='https://finance.yahoo.com/news/ups-shares-plunge-plan-slash-143438276.html']UPS Shares Plunge on Plan to Slash Amazon Business By Half[/URL] 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. [/QUOTE]

Verification