UPS CEO Says Amazon Glide Down Is Behind Us Amid Underwhelming Outlook
Guidance·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
United Parcel Service CEO Carol Tomé stated that the Amazon glide down is now 'behind us.' The shipping company has been delivering fewer low-margin packages for Amazon, which has impacted its performance.
Following this announcement, UPS shares fell as the company's outlook for volume and profit margins did not meet investor expectations. Tomé made these remarks during an appearance on 'Bloomberg The Close.'
UPSCarol Tomé
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“United Parcel Service CEO Carol Tomé says the Amazon glide down "is behind us." The shipping company has been delivering fewer low-margin packages for Amazon.”
Bloomberg — UPS CEO Says the Amazon Glide Down Is 'Behind Us'