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UPS lost 106 million in Q4
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<blockquote data-quote="Rick Ross" data-source="post: 4351185" data-attributes="member: 51847"><p>Loss was because of a $1.8 billion pension charge, it's not like they were in the red for the quarter.</p><p></p><p>Ups did finally release Amazon numbers from 2019. Amazon spent $8.6 billion or 11.6% of revenue.</p><p></p><p>Amazon is probably 11.6% of revenue but 20% of packages processed. I think UPS is paying for all the growth with Amazon and will eventually give them the boot or charge them higher rates.</p></blockquote><p></p>
[QUOTE="Rick Ross, post: 4351185, member: 51847"] Loss was because of a $1.8 billion pension charge, it's not like they were in the red for the quarter. Ups did finally release Amazon numbers from 2019. Amazon spent $8.6 billion or 11.6% of revenue. Amazon is probably 11.6% of revenue but 20% of packages processed. I think UPS is paying for all the growth with Amazon and will eventually give them the boot or charge them higher rates. [/QUOTE]
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UPS lost 106 million in Q4
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