UPS reports a stronger-than-expected quarter and raises its full-year forecast as it completes the transition related to Amazon volumes. According to Globe and Mail, the company ends a period of pullback in Amazon-linked shipments. The outlet notes that Amazon’s share of UPS business falls to 8.8% by the end of the first quarter, down from a peak of more than 13%. Investing.com similarly says UPS wraps up the Amazon volume transition and issues an updated annual outlook after an upbeat quarter. Both sources link the forecast increase to improved quarterly performance and the completion of the Amazon-related volume shift. Together, the reporting indicates UPS is navigating changes in its largest e-commerce customer relationships while also benefiting from overall results that support a more optimistic forecast for the year. The articles focus on the company’s guidance change and the direction of Amazon’s contribution to UPS business, with UPS presenting the end of the transition as part of its rationale for the updated outlook.
UPS raises full-year forecast after strong quarter and completes Amazon volume transition
UPS reports a stronger-than-expected quarter and raises its full-year forecast as it completes the transition related to Amazon volumes. According to Globe and Mail, the company ends a period of pullb...
- UPS raises its full-year forecast after an upbeat or strong quarter.
- UPS concludes the Amazon volume transition.
- Amazon’s share of UPS business is reported as 8.8% at the end of the first quarter.
- Amazon’s contribution is reported to have previously peaked at more than 13%.
In April, Amazon represented 8.8-per-cent of its business at the end of the first quarter, a sharp decline from a peak contribution of more than 13 per cent
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