STOCK TITAN
  1. Home
  2. News
  3. UPS

United Parcel Service, Inc. - $UPS STOCK NEWS

Welcome to our dedicated page for United Parcel Service news (Ticker: $UPS), a resource for investors and traders seeking the latest updates and insights on United Parcel Service stock.

United Parcel Service, Inc. Class B (UPS) is a leading multinational shipping, receiving, and supply chain management company headquartered in the United States. Established in 1907 as the American Messenger Company, UPS has evolved into a Fortune 500 giant and the world's largest parcel delivery service. The company operates an expansive fleet of over 500 aircraft and 100,000 vehicles, delivering an average of 22 million packages daily across the globe.

UPS's core business is divided into several segments: Domestic U.S. Package operations, which contribute approximately 64% to the total revenue, and International Package operations, accounting for about 20%. In addition, UPS offers air and ocean freight forwarding, truckload brokerage, and contract logistics services.

One of the key focus areas for UPS is its truck brokerage unit, Coyote, acquired in 2015. The company is currently exploring strategic alternatives for this segment to enhance operational efficiency and profitability.

UPS is globally recognized for its commitment to sustainability and innovation. Recently, UPS has been investing heavily in green technologies and automation to reduce its carbon footprint and improve delivery efficiency. This includes the deployment of electric vehicles, smart logistics solutions, and advanced packaging techniques.

Financially, UPS remains robust, consistently reporting strong revenue growth and maintaining a stable balance sheet. Its ability to adapt to market changes and customer needs has solidified its position as a reliable and efficient logistics provider. The company's extensive network, combined with strategic partnerships, enables seamless global operations and customer satisfaction.

News

UPS to Acquire MNX in Strategic Move to Expand Global Healthcare and Time-Critical Capabilities

Rhea-AI Summary
UPS to acquire MNX Global Logistics, enhancing precision and capability in healthcare logistics. MNX's expertise in radio-pharmaceuticals and temperature-controlled logistics will meet growing demand in the healthcare industry. Transaction expected to close by end of year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.03%
Tags
acquisition
-
News

UPS Strengthens Network Capabilities and Employee Experience Through Automation

Rhea-AI Summary
UPS strengthens network capabilities and enhances employee experience through automation, leveraging technology to reduce repetitive tasks and physical stress while promoting safety. Pick-and-place technologies will make jobs easier and safer for employees. Unloading technologies ease physically demanding roles and improve package care. Autonomous guided vehicles streamline movements and promote safety. Digital technologies decrease fraud for customers. 57% of packages processed through automated facilities. UPS continues to embrace transformative technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.03%
Tags
none
-
News

UPS Recruits 100,000 Seasonal Workers For The 2023 Holiday Season

Rhea-AI Summary
UPS to hire over 100,000 seasonal employees for 2023 holiday rush, offering competitive wages and streamlined application process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.56%
Tags
none
News

Roadie unlocks faster-than-ever home delivery for retailers with Roadie Direct™ warehouse delivery – just in time for peak season

Rhea-AI Summary
UPS company Roadie has launched its new Roadie Direct™ warehouse delivery solution, enabling same-day pickup and delivery of orders from warehouses. This solution helps retailers offer local home delivery of e-commerce orders within hours, avoiding middle-mile transportation costs. It includes Roadie’s proprietary technology, in-house sortation with the new Roadie SmartSort® app, and integration with Roadie’s crowdsourced delivery platform. The launch comes just in time for the holiday peak shopping season, providing faster delivery speeds for retailers without additional infrastructure investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
none
-
News

Iconic UPS Brown Delivery Vehicles Receive Personal Update for Company’s 116th Founders’ Day

Rhea-AI Summary
UPS celebrates 'Founders' Day' and recognizes nearly 50,000 delivery drivers. UPS updates its iconic brown delivery vehicles with personalized name plates and emblems. UPS to equip all newly purchased U.S. small package delivery vehicles with air conditioning by 2024. UPS's industry-leading pay and benefits contribute to its reputation as a reliable delivery company. UPS ranked as the most trusted shipping brand in America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.02%
Tags
none
-
News

UPS Releases 2Q 2023 Earnings

Rhea-AI Summary
UPS (NYSE:UPS) announced a 10.9% decrease in consolidated revenues to $22.1 billion and a 21.4% decrease in consolidated operating profit to $2.8 billion for the second quarter of 2023. The company also reached a labor agreement with the Teamsters, covering more than 300,000 UPS employees. Diluted EPS was reported at $2.42, adjusted diluted EPS at $2.54, 22.8% below the same period in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
earnings
News

UPS Announces Quarterly Dividend

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
dividends
-
News

UPS, Teamsters Reach Agreement in Labor Negotiations

Rhea-AI Summary
UPS and the International Brotherhood of Teamsters have reached a tentative collective bargaining agreement. The five-year agreement covers U.S. Teamsters-represented employees in small-package roles and is subject to voting and ratification by union members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
none
-
News

UPS To Release Second-Quarter 2023 Results On Tuesday, August 8, 2023

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
earnings
News

UPS Announces Quarterly Dividend

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
dividends

FAQ

What does UPS do?

UPS is a global logistics and package delivery company offering shipping, receiving, and supply chain management services.

When was UPS founded?

UPS was founded in 1907 as the American Messenger Company.

What is the primary source of revenue for UPS?

Domestic U.S. Package operations generate about 64% of UPS's total revenue.

How many packages does UPS deliver daily?

UPS delivers an average of 22 million packages per day.

What are UPS's key business segments?

UPS's key segments include Domestic U.S. Package, International Package, air and ocean freight forwarding, truckload brokerage, and contract logistics.

What is UPS's current focus regarding its truck brokerage unit, Coyote?

UPS is exploring strategic alternatives for its truck brokerage unit, Coyote, to enhance operational efficiency and profitability.

How is UPS contributing to sustainability?

UPS invests in green technologies and automation, including electric vehicles and smart logistics solutions, to reduce its carbon footprint.

What is UPS's financial condition?

UPS is financially robust, reporting strong revenue growth and maintaining a stable balance sheet.

How does UPS maintain its global operations?

UPS maintains global operations through its extensive network and strategic partnerships, ensuring seamless logistics and customer satisfaction.

Where can I find the latest news about UPS?

You can find the latest news about UPS on StockTitan and other financial news websites.

Stock UPS logo
United Parcel Service, Inc.

NYSE:UPS

UPS Rankings

#101 Ranked by Market Cap
#682 Ranked by Dividends

UPS Stock Data

116.06B
726.72M
0.01%
72.24%
1.22%
Couriers and Express Delivery Services
Transportation and Warehousing
Link
United States of America
ATLANTA