UPS Company Profile

April 25, 2023 Quarterly revenue—at $22.9 billion—was off 6% annually, and adjusted earnings per share—at $2.20—fell 27.9%, for the same period. Consolidated quarterly operating profit came in at $2.5 billion, which was off 22.8% annually on an adjusted basis.

April 25, 2023 Fred Smith was an innovative entrepreneur when he founded FedEx in 1973, revolutionizing the industry and introducing a brand new concept. Technology was integral to his success from the start, and remains so to this day.

April 7, 2023 In a supplemental update, the Teamsters said that it put UPS on notice during supplemental bargaining meetings throughout the country last week, refusing the “company’s outrageous insistence on cost-neutral agreements,” and adding that while some progress was made on various proposals by the union, the Teamsters also saw some disturbing backsliding by the company.

April 5, 2023 FedEx described this consolidation as a phased transition that will subsequently bring nearly all of its operating companies—FedEx Express, FedEx Ground, FedEx Services, as well as other FedEx operating companies—into Federal Express Corporation, and transition into what it called a single company operating a unified, fully integrated air-ground network. And it also noted that its less-than-truckload subsidiary, FedEx Freight, will remain as a standalone operation within Federal Express Corporation.  

March 31, 2023 Company officials said that these investments include the introduction of another 20 driving and delivery simulators throughout the United States, which almost doubles its number of simulators at its facilities.

February 7, 2023 Ware2Go and Gap Inc.'s GPS Platform Services partner to offer SMBs access to world class fulfillment centers, where advanced technology, automation and robotics can deliver a scalable network

February 2, 2023 A key theme in Atlanta-based global freight transportation and express delivery and logistics services provider UPS’s fourth quarter earnings call yesterday centered around its contract with the Teamsters, which is set to expire on July 31. On the earnings call, UPS CEO Carol Tomé made it clear where UPS is coming from, in. advance of its negotiations with the Teamsters, noting that the Teamsters have very important to the company for the better part of the last 100 years.

January 31, 2023 Quarterly revenue—at $27.0 billion—was down 2.7% annually, and adjusted earnings per share—at $3.62—up 0.8% annually, topping Wall Street expectations of $3.59 per share. Quarterly operating profit came in at $3.2 billion, which was off 17.9% annually.

January 12, 2023 After stating in July that it was preparing to cut down on its Sunday delivery services in remote and rural areas of the United States, from 95% to 80% of the U.S. population, Memphis-based global freight transportation and logistics services provider FedEx is now reducing its Sunday delivery footprint to around 50% of the country, according to various reports.

January 10, 2023 In a recent customer notice, Atlanta-based global freight transportation and logistics services provider UPS stated it will be extending its demand-based surcharges past peak season. UPS said that the demand surcharge will extend to packages that require Additional Handling and Large Packages for all U.S. domestic, U.S. import, and U.S. export shipments for qualifying customers. And it added that a demand surcharge will apply to all packages that are Over Maximum Limits for all U.S. domestic,...

December 12, 2022 Logistics Management Group News Editor Jeff Berman recently caught up with Wes Wheeler, President of UPS Healthcare, a subsidiary of Atlanta-based global freight transportation and logistics services provider UPS. Wheeler provided insights on various aspects of the segments UPS Healthcare serces, including: the impact of the pandemic on the cold chain and refrigerated (reefer) logistics; lessons learned from the pandemic; and the impact of global trade on the cold chain and global supply chains, among others. The interview follows below.

December 9, 2022 The firm said that average tally of parcels delivered per day came in at around 85 million, with OTP ranges for the three largest carriers—FedEx, UPS, and the United States Postal Service (USPS)—in similar territory, at 96.3%, 97.0%, and 96.2%, respectively.

November 17, 2022 This acquisition adds significant scale to the company’s UPS Healthcare unit, with temperature-controlled facilities in 14 countries, as well as 3,000 new employees throughout Europe and Latin America.

November 10, 2022 Atlanta-based global freight transportation and logistics services provider UPS recently announced that its UPS Healthcare subsidiary is gearing up for an expansion in Ireland, with what it called a Dublin-based “first of its kind healthcare facility” set to open in late 2023.

October 25, 2022 Quarterly revenue—at $24.161 billion—increased 4.2% annually, and adjusted earnings per share—at $2.99—increased 10.3% annually and beat Wall Street estimates at $2.89 per share. Quarterly operating profit rose 7% to $3.113 billion.