UPS News & Resources
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FedEx signals intent to consolidate its operating companies into one organization
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.
UPS addresses Teamsters contract, set to expire this summer, in earnings call
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.
UPS Q4 and full-year 2022 earnings are mixed
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.
FedEx preps to further reduce Sunday delivery services
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.
UPS makes changes to its ‘Demand Surcharges’
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,...
Q&A: Wes Wheeler, President of UPS Healthcare
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.
UPS’s acquisition of Bomi Group is a done deal
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.
UPS heralds new Dublin-based healthcare facility set to open in 2023
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.
UPS turns in solid Q3 earnings amid mixed economic signals
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.
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