Welcome to our dedicated page for United Parcel news (Ticker: UPS), a resource for investors and traders seeking the latest updates and insights on United Parcel stock.
United Parcel Service, Inc. provides integrated logistics solutions across parcel delivery, international shipping, freight forwarding, contract logistics, returns management and specialized supply chain services. UPS news commonly covers quarterly earnings, operating margin and volume trends, dividend declarations on Class A and Class B shares, and strategic actions within its global logistics network.
Company updates also include e-commerce and reverse-logistics developments through Happy Returns, same-day delivery capabilities through Roadie, and expansion of UPS Healthcare, including cold chain and pharmaceutical logistics capabilities added through completed acquisitions.
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UPS (NYSE: UPS) has achieved a significant milestone by delivering over one billion COVID-19 vaccine doses globally, maintaining a remarkable 99.9% on-time performance. This achievement showcases UPS's advanced logistical capabilities, including UPS Premier tracking technologies and cold chain solutions. UPS Healthcare has played a crucial role in ensuring equitable vaccine distribution, having established partnerships and developed a comprehensive network to reach remote areas. The company continues to lead in healthcare logistics, supporting more than 130 vaccine clinical trials.
UPS Healthcare, a division of UPS, has announced a significant expansion of its global cold chain logistics capabilities with new facilities in Louisville, Kentucky, and ongoing growth across Europe and Asia-Pacific. This expansion is aimed at enhancing efficiency, sustainability, and cost-effectiveness in healthcare delivery. The newly opened Cold Chain Packaging Center of Excellence will provide reusable cold chain packaging options. The cold chain market is expected to grow by up to 24% by 2024, driven by the demand for biologically derived drugs and temperature-sensitive medicines.
UPS announced a quarterly dividend of $1.02 per share on all outstanding Class A and Class B shares, payable on December 8, 2021, to shareholders of record as of November 22, 2021.
This commitment to dividends has been a hallmark of UPS's financial strength, maintaining or increasing dividends annually since its public offering in 1999. In 2020, UPS reported $84.6 billion in revenue, showcasing its robust presence in integrated logistics solutions across 220 countries.
UPS (NYSE: UPS) will host its annual 'UPS Brown Friday' hiring event from November 4-6, aiming to recruit at least 60,000 seasonal workers to support holiday shipping demands. The initiative includes over 400 local hiring events and virtual options, reaching more than 1,200 locations nationwide. Historically, about one-third of seasonal hires transition to permanent roles post-holiday. UPS also offers a referral incentive of $200 for current employees and provides eligible student employees with tuition assistance up to $1,300 for continuous employment.
UPS reported third-quarter 2021 revenues of $23.2 billion, up 9.2% from the previous year. Operating profit reached $2.9 billion, marking a 22.6% increase, while diluted EPS was $2.65, an 18.3% rise year-over-year. The company raised its full-year financial guidance, targeting an adjusted operating margin of approximately 13.0% and an adjusted return on invested capital near 29%. Furthermore, year-to-date cash from operations stood at $11.8 billion, up 26.7% compared to last year.
UPS (NYSE:UPS) will release its third-quarter results for 2021 on October 26, 2021, at 6:00 a.m. ET. Following the results announcement, a live investor conference call will be held at 8:30 a.m. ET, led by CEO Carol Tomé and CFO Brian Newman. The call will be accessible to the public via a live webcast on the UPS investor relations website, where the audio will also be available for a limited time afterward.
ALLETE Inc. (NYSE: ALE) has appointed Charlene A. Thomas, former Chief Diversity, Equity, and Inclusion Officer at United Parcel Service (NYSE: UPS), to its board of directors effective October 4, 2021. With over 30 years of experience at UPS, Thomas has held multiple leadership roles and brings extensive knowledge in human resources and strategic planning. ALLETE's leadership stated that her experience will be instrumental in advancing the company's sustainability strategies and addressing evolving customer needs within transformative challenges.
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UPS has announced its agreement to acquire Roadie, a technology platform specializing in local same-day delivery across the U.S. This acquisition aligns with UPS's customer-first strategy, responding to the increasing demand for local delivery solutions for a variety of goods. Roadie’s innovative technology will enhance UPS’s offerings and potentially improve small package capabilities. The transaction is expected to close in Q4 2021, although the financial details remain undisclosed. Post-acquisition, Roadie will maintain its operations and brand, ensuring continuity in service.