United Parcel Stock Price, News & Analysis

Tokens.com Corp. (OTCQB: SMURF) announces the completion of a metaverse experience and conference center for The UPS Store, developed by its subsidiary Metaverse Group in collaboration with Coffee Digital. This digital land lease marks a significant step for The UPS Store into the metaverse, promoting entrepreneurship through a dedicated virtual space. The center features educational resources for small business owners, integrating cutting-edge technology like holograms and curated content from recognized sources. This initiative aims to position Tokens.com as a leader in web3 solutions.

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UPS has completed its acquisition of Bomi Group, enhancing its healthcare logistics capabilities across Europe and Latin America. The deal adds temperature-controlled facilities in 14 countries and 3,000 skilled employees to UPS Healthcare. Under the new name Bomi Group, a UPS Company, the operation will bolster UPS's distribution network, providing 216 facilities with 17 million square feet of compliant healthcare space. This strategic move allows UPS Healthcare to offer advanced logistics solutions, improving its market presence and synergy potential.

UPS announced a quarterly dividend of $1.52 per share, payable on December 1, 2022, to shareholders of record on November 14, 2022. This commitment highlights UPS's financial strength, as the company has consistently maintained or increased its dividends since going public in 1999. In 2021, UPS reported impressive revenues of $97.3 billion, offering a wide range of integrated logistics solutions globally. UPS emphasizes environmental sustainability and community support as part of its strategic objectives.

UPS (NYSE: UPS) plans to hire over 60,000 seasonal employees for the upcoming holiday season during its UPS Brown Friday event starting Nov. 4, 2022. The initiative includes more than 450 hiring events nationwide, with digital applications taking less than 25 minutes. Notably, about 80% of seasonal roles do not require interviews. UPS emphasizes its commitment to career development, with nearly 35,000 seasonal hires transitioning to permanent positions last year. The average full-time driver earns $95,000 annually, along with substantial benefits, including educational assistance.

UPS reported third-quarter 2022 revenues of $24.2 billion, marking a 4.2% increase from the previous year. Consolidated operating profit rose 7.5% to $3.1 billion, while diluted EPS stood at $2.96, with an adjusted EPS of $2.99, reflecting a 10.3% year-over-year growth. The company reaffirms its financial guidance for the full year, targeting $102 billion in revenue and an adjusted operating margin of 13.7%. Key segments include an 8.2% revenue increase in the U.S. Domestic Segment, despite a 6.3% revenue decline in Supply Chain Solutions due to decreased air and ocean freight forwarding.

UPS (NYSE:UPS) is set to announce its third-quarter results for 2022 on October 25, 2022, at 6:00 a.m. Eastern Time. An investor conference call led by CEO Carol Tomé and CFO Brian Newman will follow at 8:30 a.m. ET to discuss the results. The public can access the call via a live webcast on the UPS Investor Relations website. The audio from the webcast will be available for a limited time after the event.

UPS Announces Leadership Transition in Diversity, Equity, and Inclusion

On September 9, 2022, UPS revealed that Charlene Thomas, Executive Vice President and Chief Diversity, Equity and Inclusion Officer, will retire on October 1 after 34 years with the company. During her tenure, she played a pivotal role in UPS's global DEI efforts and launched the 'You Belong at UPS' initiative. Darrell Ford, the current EVP and Chief Human Resources Officer, will take over her DEI responsibilities, emphasizing UPS's commitment to fostering an inclusive workplace.

UPS announced plans to hire over 100,000 seasonal employees to meet holiday demand, streamlining its hiring process to allow most applicants to receive job offers in 25 minutes. Nearly 80% of positions will not require interviews. The company aims to fill roles including delivery drivers and package handlers. UPS boasts an attractive salary structure, with full-time drivers earning an average of $95,000 annually, plus benefits. Additionally, UPS offers an Earn and Learn program, providing up to $25,000 for college expenses.