Industry News

UPS, Delivering Amazon’s Surge, Posts Record Revenue

By February 3, 2021 No Comments

As United Parcel Service Inc. targets smaller customers to help boost profits, it is also getting in deeper with the biggest customer of them all.

 

Amazon.com Inc. paid the company $11.3 billion last year for shipping services, making up 13.3% of all revenue for the year, UPS Chief Executive Carol Tomé said Tuesday. That was up from 11.6% of all revenue in 2019. No other customer contributes more than 10% to UPS’s top line.

 

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