UPS United Parcel Service Inc.,
rose 3.7% in morning trading, enough to keep up with the Dow Jones Transportation Average DJT,
winners, after the package delivery giant reported better-than-expected previous results in the fourth quarter. In the post-profit conference call with analysts, Chief Executive Carol Tomé said: “So, let’s just approach the elephant in the room, who is our biggest customer.” Out of 19 million customers, Tomé told Amazon.com Inc. AMZN,
was the largest, with the e-commerce giant’s share of total revenue rising to 13.3% in 2020 from 11.6% in 2019. With UPS reported total revenue of $ 84.63 billion in 2020, this indicates that Amazon accounted for $ 11.26 billion in 2020 revenue, compared to $ 8.59 billion a year ago. UPS shares rose 1.6% in the last three months, while Amazon shares rose 13.9%, Dow transports rose 10.8% and Dow Jones Industrial Average DJIA,
rose 13.4%.
