Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Wajeeh Khan

As UPS Moves Away From Amazon Deliveries, Is UPS Stock a Buy, Sell, or Hold?

United Parcel Service (UPS) recorded a slump in both profit and revenue for its fiscal first quarter on Tuesday, but promised inflection ahead as it continues to move away from Amazon (AMZN) deliveries. 

In Q1, Amazon represented less than 9% of the total UPS revenue, down from north of 13% not long ago, with an additional 500,000 average daily packages removed during the quarter.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.