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 (NYSE: UPS) remains a cornerstone of global commerce through its integrated logistics network spanning 220+ countries. This news hub delivers timely updates on corporate developments, financial milestones, and operational innovations from the world's premier package delivery provider.
Investors and industry professionals will find curated coverage of earnings reports, strategic partnerships, and sustainability initiatives. Our repository includes official press releases alongside analyzed updates on supply chain advancements, e-commerce solutions, and transportation technology breakthroughs.
Key focus areas include UPS's domestic/international shipping volumes, alternative fuel fleet expansions, and healthcare logistics innovations. Track developments in drone delivery systems, cross-border trade solutions, and climate action commitments through verified sources.
Bookmark this page for structured access to UPS's evolving market strategy, regulatory filings, and leadership announcements. Combine real-time updates with historical context to better understand this logistics leader's industry trajectory.
UPS (NYSE:UPS) reported first-quarter 2023 revenues of $22.9 billion, a 6.0% decrease year-over-year, while consolidated operating profit fell to $2.5 billion, down 21.8%. Diluted earnings per share (EPS) were $2.19, reflecting a 27.9% decline from last year. The U.S. Domestic Segment saw revenues of $14.99 billion, slightly down by 0.9%, with a decrease in average daily volume. The International Segment's revenue decreased 6.8% due to lower volume from domestic and China trade lanes. UPS anticipates a challenging outlook for 2023, expecting revenue and adjusted operating margins to align with the lower end of previous guidance, targeting $97 billion in revenue and adjusted operating margins of 12.8%.
UPS (NYSE:UPS) is set to release its 2023 first-quarter results on April 25, 2023, at approximately 6:00 a.m. Eastern Time. Following the results announcement, CEO Carol Tomé and CFO Brian Newman will host an investor conference call at 8:30 a.m. ET to discuss the details. This call will be accessible to the public via a live webcast, which can be found on the UPS Investor Relations website. The webcast audio will be available for a limited time after the call, allowing interested stakeholders to catch up on the company's performance and outlook.
On April 3, 2023, the Editorial Advisory and Securities Review Committee of BetterInvesting Magazine highlighted United Parcel Service Inc. (NYSE: UPS) as its "Stock to Study" and Truist Financial Corp. (NYSE: TFC) as its "Undervalued Stock" for the June 2023 issue. The S&P 500 and Nasdaq Composite gained over 7% and 16%, respectively, in Q1 2023, illustrating the importance of long-term investing strategies. BetterInvesting encourages investors to use the Stock Selection Guide to evaluate investment opportunities and to learn about stock market principles for informed decision-making.
UPS has announced a significant investment in driver safety and training, adding 20 delivery simulators nationwide, which nearly doubles their total since 2020. In 2022, UPS trained over 20,000 drivers and inducted more than 1,200 into the Circle of Honor, a program for accident-free drivers, now totaling over 10,000 members with 305,691 years of safe driving experience. The company invested over $343 million in safety training in 2022. UPS drivers are among the best paid in the industry, with average yearly compensation nearing $95,000 and benefits that extend to part-time employees.
FAQ
What is the current stock price of United Parcel (UPS)?
What is the market cap of United Parcel (UPS)?
