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faux saint laurent bagUPS puts limit on Amazon deliveries amid focus on bigger returns July 26 (Reuters) - United Parcel Service (UPS.N) on Tuesday said it will not lift the number of packages it delivers for Amazon.com, its biggest customer, as it focuses on shipments with the highest financial returns. The world's biggest package delivery firm has bolstered profits by raising prices for e-commerce shipments that boomed after COVID-19 infections spread around the globe. "We've contractually agreed on what makes sense for us versus what makes sense for them. That means that the volume and revenue for Amazon is coming down," said Tome', who forecast that Amazon (AMZN.O) will account for less than 11% of total UPS revenue by the end of the year. In 2013, Amazon swamped UPS with unexpected Christmas packages, spawning a cascade of delays that outraged customers. Soon after, Amazon launched its own delivery business. On Tuesday, UPS reported second-quarter adjusted earnings of $3.29 per share on revenue of $24.76 billion. Company-wide volume fell 4.8% to 23.07 million packages per day, but revenue per package jumped 11.9% helped by price hikes and fuel surcharges. At the same time, soaring costs for rent, fuel and food started biting into their disposable income. "Volumes are down as there is a shift from goods to services so investors are concerned that (UPS) pricing will slip," Cowen analyst Helane Becker said faux saint laurent bag

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