![]() And we have mutually agreed about the volume that we should take and the volume that they should keep that works best for both companies,” UPS Chief Executive Carol Tomé told investors earlier this year.īut Tomé also recognizes the playing field is changing. “We have a great relationship with Amazon. Explore From February: UPS profit soared above $10B in ’21, sales to top $100B in ’22 Amazon and its affiliates represented about 11.7% of UPS revenue last year, more than any other retailer. Unlike FedEx, which cut ties with Amazon a few years ago, UPS continues to treat Amazon as a customer, not just a competitor. Its profit margins, while volatile, have remained generally strong. It expects its revenue to top $100 billion for the first time in its history this year. ![]() UPS has grown its own revenue by two-thirds since 2014, including a 15% increase last year. That surge has gone into an even higher gear during the pandemic, with consumers ordering anything and everything to be shipped right to their doorsteps. ![]() That’s because the number of packages are rising amid the broader surge in e-commerce. So far, UPS’s revenue and profit have kept growing despite the competitive threat. package volume in 2022 - and in five years have a logistics network large enough that it won’t need to rely on UPS or the U.S. Marc Wulfraat, president of logistics consulting firm MWPVL International, believes Amazon will surpass UPS in U.S.
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