United Parcel Stock Price, News & Analysis

UPS Healthcare is expanding its cell and gene services by adding eight new centers of excellence, increasing the total to 14 certified sites. These centers, located in major cities worldwide including New York, Miami, Amsterdam, and Tokyo, enhance Marken's existing services in global logistics for cell and gene therapies. The company emphasizes real-time monitoring through its global control center, ensuring temperature and location tracking during shipments. This expansion aims to strengthen Marken's leadership in clinical trial logistics amidst growing demand for complex therapies.

UPS has announced a quarterly dividend of $1.02 per share, payable on March 10, 2021, to shareholders of record by February 22, 2021. This commitment to dividends underscores UPS's financial strength, as it has consistently maintained or increased its dividends since its IPO in 1999. With a reported revenue of $84.6 billion in 2020, UPS continues to prioritize shareholder returns while focusing on sustainability, community support, and diversity.

Ware2Go, a UPS-founded fulfillment network, has recently won two prestigious awards, being named a gold winner for Most Innovative Product of the Year by the Best in Biz Awards and recognized as a Top 10 Logistics Tech Startup by Logistics Tech Outlook. These accolades highlight Ware2Go’s advanced supply chain tools that leverage machine learning to assist merchants in optimizing fulfillment processes. The company also played a pivotal role in the 1M Masks initiative, facilitating quick access to PPE for healthcare workers.

UPS has signed a definitive agreement to sell UPS Freight to TFI International for $800 million, expected to close in Q2 2021. This strategic divestiture aims to allow UPS to focus on core business areas that enhance customer value. A non-cash, pre-tax impairment charge of approximately $500 million is anticipated in UPS’s consolidated income for the year ended December 31, 2020. UPS Freight, a leading U.S. LTL carrier, will continue using UPS’s domestic package network for five years post-sale, ensuring operational continuity.

UPS (NYSE:UPS) is set to release its 2020 fourth-quarter results on February 2, 2021, around 6:00 a.m. Eastern Time. Following the announcement, CEO Carol Tomé and CFO Brian Newman will host an investor conference call at 8:30 a.m. ET to discuss the results, which will be open to the public via a live webcast. Investors can access the webcast by visiting the UPS Investor Relations website.

UPS has announced a partnership with McKesson to deliver the Moderna COVID-19 vaccine, following its Emergency Use Authorization by the FDA. This collaboration, aimed at supporting Operation Warp Speed, will see UPS leveraging its extensive logistics network to ensure the safe and timely delivery of vaccines and related supplies. UPS Healthcare is equipped with over 10 million square feet of compliant distribution space and advanced logistics technology, highlighting its vital role in the ongoing fight against the pandemic.

Ware2Go, a UPS on-demand fulfillment network, reports robust post-holiday shopping trends. A survey indicates that 92% of Americans plan to shop post-holidays, significantly up from the usual 72%. Online shopping is expected to rise, with 83% of respondents preferring it this year. The survey reveals that 63% intend to buy from new brands, presenting an opportunity for merchants. A new partnership with Happy Returns aims to enhance customer experience by streamlining delivery and returns. The survey, conducted in October 2020, featured over 1,000 U.S. consumers.

UPS announced its role in distributing the Pfizer-BioNTech COVID-19 vaccine as part of Operation Warp Speed following its FDA emergency use authorization. The delivery will commence shortly, with UPS trained personnel ensuring efficient logistics to transport the vaccine doses to designated states. Vaccines will originate from Michigan and Wisconsin, then expedited via Next Day Air to hospitals and clinics. UPS emphasizes its commitment to healthcare logistics, highlighting its extensive infrastructure and technology to meet the complex demands of vaccine distribution.

UPS Capital Insurance Agency has announced the introduction of enhanced shipping insurance options for small and mid-size businesses using AscendTMS. This tailored coverage allows users to choose from four deductible options, enabling a customized insurance experience. Key benefits include coverage regardless of carrier fault and a swift claims settlement process. The transportation management system market is projected to grow to $4.9 billion by 2025, prompting UPS Capital to innovate in digital insurance solutions that align with evolving e-commerce needs. A free webinar discussing this service is scheduled for December 2, 2020.