United Parcel Service Inc. continues to cozy up to Amazon.com Inc., even as its rival FedEx Corp. charts a path without the largest online retailer in the U.S.UPS on Thursday posted a 9% jump in shipments in the fourth quarter, saying that Amazon provided the biggest lift to its growth of any customer. The delivery giant also for the first time quantified its exposure to Amazon, revealing that the retailer spent $8.6 billion with UPS last year, accounting for 11.6% of overall revenue.

Source: Wall Street Journal January 30, 2020 12:53 UTC