By Jeff Berman ·
July 19, 2022
Atlanta-based global transportation and logistics titan UPS recently announced key expansion initiatives for its UPS Healthcare segment, including its UPS Premier Service portfolio, which is comprised of what the company describes as three-level flexibility to meet the unique needs of its healthcare shipper customers.
By Jeff Berman ·
June 9, 2022
Atlanta-based global freight transportation and logistics services provider UPS remains highly focused on its Covid-19 vaccine distribution efforts, at a time when the FDA recently announced it expanded an emergency use authorization, for children ages 5-to-11, coupled with positive case numbers up in various parts of the United States.
By Jeff Berman ·
April 26, 2022
Quarterly revenue—at $24.4 billion—saw a 6.4% annual gain, and adjusted earnings per share—at $3.05—marked a 10.1% annual gain, topping Wall Street expectations of $2.88 per share. Quarterly operating profit was up 17.6% to $3.3 billion.
By Jeff Berman ·
March 16, 2022
Atlanta-based global transportation and logistics services provider UPS recently announced it has formed a partnership with Novavax, a global biotech company, focused on the distribution and delivery of Novavax’ recently-approved COVID-19 vaccine to 27 European Union countries.
By Jeff Berman ·
February 1, 2022
Quarterly revenue—at $27.8 billion—saw an 11.5% annual gain, and adjusted earnings per share—at $3.52—marked a 35% annual gain, topping Wall Street expectations of $3.08 per share. Quarterly operating profit was up 91% to $3.9 billion. Full-year 2021 revenue saw a 15% annual gain, to $97.3 billion, with operating profit at $12.8 billion.
By John Schulz ·
January 14, 2022
UPS CEO Carol Tomé discussed issues that will shape 2022 and beyond during the U.S. Chamber of Commerce’s State of American Business video conference on January 11. Issues she covered included economic trends and global competition to policy challenges and opportunities.
By John D. Schulz ·
January 14, 2022
UPS CEO Carol Tomé discussed issues that will shape 2022 and beyond during the U.S. Chamber of Commerce’s State of American Business video conference on January 11. Issues she covered included economic trends and global competition to policy challenges and opportunities.
By Jeff Berman ·
January 5, 2022
While the rush of holiday gifts appears to have made it to their final destinations to end 2021 through myriad delivery networks, amid some unique challenges, 2022 has kicked off with its own new set of challenges, ones with familiar themes—winter storms on both U.S. coasts and the ongoing COVID-19 pandemic, specifically the Omicron variant—which are both creating issues for freight transportation and logistics services providers and shippers alike.
By Jeff Berman ·
January 4, 2022
A UPS spokesman noted that the peak holiday shipping season remains intact, based on the significant—and record-breaking—number of holiday returns it is handling. As an example, for the holiday shipping season (including returns), which it defines as running from November 14-January 22, UPS said it will handle more than 60 million return packages, which represents a new record, equating to an expected increase of more than 10% over the previous record, for the company’s holiday returns, set in 2020, at around 55 million holiday returns.
By Patrick Burnson ·
January 3, 2022
Air rates are feeling even more upward pressure than usual from reduced passenger jet capacity—which could be made worse by omicron fears—and congestion due to labor shortages among overwhelmed ground crews.
By Jeff Berman ·
December 20, 2021
Data recently issued by ShipMatrix, a subsidiary of Pittsburgh-based SJ Consulting showed that data from on-time performance (OTP) ranges, for week 50 of 2021 for major parcel carriers, including UPS, FedEx, and the United States Postal Service (USPS), was in similar range as previous weeks leading up to it that were comprised of Thanksgiving and Cyber Monday.
By Jeff Berman ·
December 14, 2021
Data recently issued by ShipMatrix, a subsidiary of Pittsburgh-based SJ Consulting showed varied on-time performance (OTP) ranges, for weeks 47 through 49 of 2021 and including Thanksgiving and Cyber Monday, from November 14-December 4), for major parcel carriers, including UPS, FedEx, and the United States Postal Service (USPS).
By Jeff Berman ·
November 1, 2021
Late last week, Atlanta-based global freight transportation and logistics services bellwether UPS announced general rate increases (GRI) for 2022, which are set to take effect December 26, 2021.
By Jeff Berman ·
October 28, 2021
A keynote session at the “Groundbreakers 2021: Breaking New Ground” conference hosted by San Francisco-based real estate investment trust company Prologis this week touched upon both the pain points and the opportunities that the Covid-19 pandemic has created for the supply chain. The session featured Prologis CEO Hamid Moghadam and Carol Tomé, CEO of Atlanta-based global transportation and logistics bellwether UPS, two leading industry executives. And they both talked about the impact of the ongoing global supply chain issues on their respective companies.
By Jeff Berman ·
October 28, 2021
This data is based on millions of packages shipped via UPS, FedEx, and USPS.