UPS (UPS) CEO says Amazon (AMZN) accounted for 8.8% of its business at end of Q1, down from a high of more than 13%

UPS's CEO indicating that Amazon represented only 8.8% of its business at the end of Q1, down from over 13%, suggests a significant dependency reduction.

Newsquawk StaffPublished 28 Apr 2026, 13:27 UTCOn the live feed at 13:07 UTC — 8 more headlines followed before this page went public

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Hilton (HLT) says FY revenue per available room strength is expected to move downstream from luxury and upper upscale into lower and mid chain scales

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13:07

UPS (UPS) CEO says Amazon (AMZN) accounted for 8.8% of its business at end of Q1, down from a high of more than 13%

13:04

[ANALYSIS] OpenAI reportedly misses targets, stoking data centre spending concerns

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Tencent (TCEHY) new model shows improvement, partly thanks to Anthropic, according to The Information

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Context

This trend could reflect Amazon's increased in-house logistics capabilities or a broader shift in shipment dynamics, impacting UPS's revenue outlook and competitive landscape. Traders should consider how this decline may affect UPS's growth projections and market positioning compared to logistics peers.

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