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'Control of our destiny': UPS braves blowback over Amazon break


//business-finance.news-articles.net/content/202 .. stiny-ups-braves-blowback-over-amazon-break.html
Published in Business and Finance on Friday, January 31st 2025 at 16:20 GMT by Fortune   Print publication without navigation

  • UPS stocks plummeted after it slashed business with the world's largest online retailer.

The article from Fortune discusses the significant drop in shares for UPS and Amazon following a backlash related to their involvement with the United States Postal Service (USPS). The controversy stems from a new contract that has led to public and political scrutiny over the terms of service, pricing, and the implications for USPS's financial health. Critics argue that the deal favors UPS and Amazon at the expense of the USPS, which has been struggling financially. This situation has led to a decline in stock prices as investors react to the potential regulatory and reputational risks. Additionally, there's growing concern about the long-term sustainability of USPS and its ability to compete in a market increasingly dominated by private logistics giants.

Read the Full Fortune Article at:
[ https://fortune.com/2025/01/31/ups-amazon-shares-drop-blowback-usps/ ]

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