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) is set to release its 2020 fourth-quarter results on February 2, 2021, around 6:00 a.m. Eastern Time. Following the announcement, CEO Carol Tomé and CFO Brian Newman will host an investor conference call at 8:30 a.m. ET to discuss the results, which will be open to the public via a live webcast. Investors can access the webcast by visiting the UPS Investor Relations website.
UPS has announced a partnership with McKesson to deliver the Moderna COVID-19 vaccine, following its Emergency Use Authorization by the FDA. This collaboration, aimed at supporting Operation Warp Speed, will see UPS leveraging its extensive logistics network to ensure the safe and timely delivery of vaccines and related supplies. UPS Healthcare is equipped with over 10 million square feet of compliant distribution space and advanced logistics technology, highlighting its vital role in the ongoing fight against the pandemic.
Ware2Go, a UPS on-demand fulfillment network, reports robust post-holiday shopping trends. A survey indicates that 92% of Americans plan to shop post-holidays, significantly up from the usual 72%. Online shopping is expected to rise, with 83% of respondents preferring it this year. The survey reveals that 63% intend to buy from new brands, presenting an opportunity for merchants. A new partnership with Happy Returns aims to enhance customer experience by streamlining delivery and returns. The survey, conducted in October 2020, featured over 1,000 U.S. consumers.
UPS announced its role in distributing the Pfizer-BioNTech COVID-19 vaccine as part of Operation Warp Speed following its FDA emergency use authorization. The delivery will commence shortly, with UPS trained personnel ensuring efficient logistics to transport the vaccine doses to designated states. Vaccines will originate from Michigan and Wisconsin, then expedited via Next Day Air to hospitals and clinics. UPS emphasizes its commitment to healthcare logistics, highlighting its extensive infrastructure and technology to meet the complex demands of vaccine distribution.
UPS Capital Insurance Agency has announced the introduction of enhanced shipping insurance options for small and mid-size businesses using AscendTMS. This tailored coverage allows users to choose from four deductible options, enabling a customized insurance experience. Key benefits include coverage regardless of carrier fault and a swift claims settlement process. The transportation management system market is projected to grow to $4.9 billion by 2025, prompting UPS Capital to innovate in digital insurance solutions that align with evolving e-commerce needs. A free webinar discussing this service is scheduled for December 2, 2020.
UPS announced enhancements to its Healthcare services, enabling production of up to 1,200 lbs. of dry ice per hour in the U.S. and Canada to support COVID-19 vaccine storage. The company is collaborating with Stirling Ultracold to provide portable freezers that maintain temperatures between -20°C to -80°C. These enhancements address increasing demands for dry ice as logistics providers prepare for potential shortages during vaccine distribution. UPS Healthcare aims to enhance supply chain reliability and agility for healthcare facilities.
On November 23, 2020, Special Olympics Georgia (SOGA) was awarded a generous $90,000 grant from The UPS Foundation. This funding aims to enhance SOGA's volunteer program for its State Games, which support over 26,620 athletes. The grant allows SOGA to recruit more volunteers and improve their experience, which is vital for the organization, given its small full-time staff. UPS also demonstrated ongoing commitment through its employees who volunteer at events, enhancing the overall experience for athletes.
UPS announces the election of Kate Johnson, President of Microsoft US, and Russell Stokes, President & CEO of GE Aviation Services, to its Board of Directors, effective immediately. This decision follows the departure of John Stankey, who leaves to concentrate on his role as CEO of AT&T Inc. Johnson and Stokes are recognized leaders whose expertise is expected to strengthen governance and decision-making at UPS. This change enhances diversity, with women making up 40% of the board and 25% ethnically diverse, reflecting UPS's commitment to inclusive leadership.
The UPS Board of Directors declared a quarterly dividend of $1.01 per share on all outstanding Class A and Class B shares, payable on December 3, 2020, to shareholders of record as of November 13, 2020. This marks over five decades of consistent dividend issuance, with the dividend amount more than quadrupling in the last 20 years. In 2019, UPS reported revenues of $74 billion, providing integrated logistics solutions globally, while maintaining a commitment to environmental stewardship and community support.
