United Parcel Service Inc. UPS,
rose 3.7% in morning trading, enough to match the DJT of the Dow Jones Transportation Average,
gainers, after the parcel delivery giant reported earlier than expected fourth-quarter results. In the post-earnings conference call with analysts, Chief Executive Carol Tomé said, “So let’s address the elephant in the room who is our biggest customer.” Of the 19 million customers, Tomé said Amazon.com Inc. AMZN,
was the largest, with the e-commerce giant’s share of total revenue from 11.6% in 2019 to 13.3% in 2020. UPS reported total revenue for 2020 of $ 84.63 billion, indicating that Amazon 2020 was good for $ 11.26 billion, up from $ 8.59 billion a year. year ago. Shares of UPS are up 1.6% in the past three months, while shares of Amazon are up 13.9%, Dow shipments have moved to 10.8% and the Dow Jones Industrial Average DJIA,
is up 13.4%.