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09:31 EST UPS (UPS) CEO says Amazon glide-down pace to be five-times as fast as previous rate Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.
09:13 EST UPS (UPS) CEO says if had not accelerated Amazon glide-down, would be capping margin Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.
The bottom line: We are lowering our fair value estimate for wide moat UPS to $138 from $145 due to our initial estimates surrounding the Amazon glide-down. After a large drop on Jan. 30 ...
from $145 due to our initial estimates surrounding the unexpected and upcoming Amazon glide down. Amazon will be ramping down the package volumes it sends via UPS by 50% over the next 18 months.