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 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 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 […]

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 […]