Markets shares surge on UPS partnership

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Shares of surged more than 18% during extended trade after shipping giant UPS announced a partnership that will allow's more than 740,000 customers to access discounted UPS shipping rates.

"This new collaboration will allow us to bring the leading shipping solutions of UPS to our customer base in a simpler and more seamless fashion, and at very attractive new discounts," said Ken McBride, chairman and CEO of in a press release., which offers internet-based shipping services, dissolved its partnership with USPS in February in place of a big bet on Amazon gaining a larger market-share in the shipping space. 

The company has seen its shares fall more than 50% year-to-date.