UPS Stopped Carrying 2 Million Amazon Packages a Day. Amazon Still Has to Move Them.

UPS (NYSE:UPS) spent 18 months deliberately shrinking its relationship with its biggest customer, and on July 28 it declared the job finished. In the earnings release, CEO Carol Tomé thanked employees for having "successfully completed our Amazon glide down and related network reconfiguration initiatives as designed."The scale of what ended is massive. On the earnings call, Tomé said UPS had eliminated about 2 million pieces per day of what she called lower-quality Amazon (NASDAQ:AMZN) volume, removing roughly $4.5 billion of related expenses along the way.For Amazon shareholders, the story runs the other way. Two million packages a day stopped moving through UPS trucks. Who's moving them now, and at what cost?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool