Domestic and international growth for UPS in Q3
Third quarter profits at UPS were up 13.7% to $1.8 billion with the US Domestic and International segments driving growth. Both the sectors recorded double digit increases in operating profits but the Supply Chain and Freight segment was down slightly due to trade uncertainty. Volumes on the US Domestic segment were up 9%, with Next […]
UPS Flight Forward carries out first drone flight
UPS Flight Forward has operated its first delivery flight having received US government Part 135 Standard certification to operate a drone airline. The UPS subsidiary was awarded the certificate on Friday 27 September, and immediately a delivery flight took off at WakeMed’s hospital campus in Raleigh, North Carolina. The flight, using a Matternet M2 quadcopter […]
Newman to replace Peretz as CFO of UPS
Richard Peretz will retire as chief financial officer of UPS, with Brian Newman joining from PepsiCo to fill the role. Newman, who is executive vice president – finance and operations Latin America for PepsiCo will take up the role on 16 September, and will join the UPS Management Committee. Peretz, who took up the role […]
UPS gears up for pharma and e-commerce boom
UPS will invest heavily in the e-commerce and life science sectors as it sets out plans transform its business by 2022. The company is focusing on four strategic areas, consisting of continued expansion of high-growth international markets connecting domestic and export customers to its global market; profitable expansion from B2B and B2C e-commerce as US […]
UPS first quarter profits increase 15% to $1.3 billion
UPS net income increased 15 per cent in the first quarter of 2018 with international packages and supply chain & freight making up for weaker US domestic profits. Net income increased by 15 per cent to $1.3 billion and revenue was up 10 per cent to $17.1 billion, with average yields rising by 4.3 per […]
UPS promotes Barber and Cesarone to new management roles
UPS has made changes to its senior management team, with Jim Barber being promoted to the role of chief operating officer, and Nando Cesarone taking over as international president. Barber has served as president of UPS International since 2013, with responsibility for distribution, forwarding, small package delivery, brokerage and customs compliance. He assumed responsibility for […]
UPS to increase capacity with an additional 14 747-8Fs
UPS is to significantly increase its cargo capacity with an additional 14 Boeing 747-8 Freighters and four new Boeing 767s. The additional aircraft building on UPS’s 2016 order of 14 747-8Fs, and all 32 of the jets will be delivered by the end of 2022, adding more than nine million pounds of cargo capacity. UPS […]
UPS has high hopes for 2018 following a strong year in 2017
UPS has high hopes for 2018 following a strong year where net income almost reached $5 billion, with strong growth in all business sectors. Total revenue increased by 8.2 per cent to $65.8 billion, with US domestic packages up 6.4 per cent to $40.7 billion, international packages by eight per cent to $13.4 billion and […]
UPS profits remain strong despite natural disasters
Profits in the third quarter dipped marginally for UPS with the US domestic package sector declining but international packages and supply chain & freight performing strongly. Third quarter net profits were down 0.5 per cent to $1.26 billion, with operating profits remaining at $2 billion. US domestic package operating profits were down 5.6 per cent […]
UPS operating profits grow 8.7% in second quarter
Operating profit at UPS increased 8.7 per cent in the second quarter of 2017 with growth in the US domestic package and supply chain & freight sectors making up for profits declining in international packages. The total operating profit was $2.2 billion, with US domestic package operating profits up 13.1 per cent to $1.4 billion, […]
Lofty future sustainability targets set by UPS
UPS has announced new sustainability goals to add more alternative fuel and advanced technology vehicles to its fleet while increasing its reliance on renewable energy sources. The goals were detailed in the integrator’s 2016 Corporate Sustainability Report, and it says it supports its commitment to reduce its absolute greenhouse gas emissions from global ground operations […]
UPS revenue grows 6.2% but fuel and currency hit operating profits
Revenue at UPS has grown 6.2 per cent in the first quarter of 2017 to $15.3 billion but fuel costs and currency effects affected operating profits. Operating profits dipped 2.1 per cent to $1.78 billion with declines in the US domestic package and international package sectors though net profit was up 2.4 per cent to […]
UPS revenue grows 5.5% in Q4 of 2016
UPS revenue has increased 5.5 per cent in the fourth quarter to $16.9 billion, with strong growth for domestic and international packages. US domestic package revenue grew 6.3 per cent to $10.9 billion, of which next day air was up 4.2 per cent to $1.8 billion. International package revenue was up five per cent to […]
Domestic and international packages make up for weak freight at UPS
UPS has seen second quarter net profits increase by 3.2 per cent to $1.27 billion with US domestic and international packages making up for supply chain & freight weakness. The operating profit was up four per cent to $2 billion, with US domestic growing 2.7 per cent to $1.2 billion, followed by international package up […]
UPS first quarter profits increase by 10%
UPS has seen first quarter profits increase by 10.2 per cent to $1.1 billion with growth in all business areas except supply chain & freight. The company saw the net profit increase from $1 billion in the first quarter of 2015 and operating profit was up by nine per cent to $1.8 billion. Among the […]
UPS sees double digit profit growth
UPS saw profits increase by 12.2 per cent in 2015 to $4.9 billion, with all business areas boasting large operating profit rises. For 2015, international packages saw the largest operating profit increase, up 14.5 per cent to $2.2 billion. US domestic packages saw the smallest rise in operating profits, up 7.1 per cent to $4.8 […]
UPS profit increases despite revenue dip
UPS has seen its third quarter profit increase by 3.5 per cent to $1.2 billion despite revenue dipping by 0.4 per cent to $14.2 billion. The company says the revenue fall was because of currency exchange rates and lower fuel surcharges. It says across the company, shipments increased by 1.9 per cent to 1.1 billion […]