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United Parcel Service, Inc. Class B - UPS STOCK NEWS

Welcome to our dedicated page for United Parcel Service Class B news (Ticker: UPS), a resource for investors and traders seeking the latest updates and insights on United Parcel Service Class B stock.

United Parcel Service, Inc. Class B (UPS) is a leading multinational shipping, receiving, and supply chain management company headquartered in the United States. Established in 1907 as the American Messenger Company, UPS has evolved into a Fortune 500 giant and the world's largest parcel delivery service. The company operates an expansive fleet of over 500 aircraft and 100,000 vehicles, delivering an average of 22 million packages daily across the globe.

UPS's core business is divided into several segments: Domestic U.S. Package operations, which contribute approximately 64% to the total revenue, and International Package operations, accounting for about 20%. In addition, UPS offers air and ocean freight forwarding, truckload brokerage, and contract logistics services.

One of the key focus areas for UPS is its truck brokerage unit, Coyote, acquired in 2015. The company is currently exploring strategic alternatives for this segment to enhance operational efficiency and profitability.

UPS is globally recognized for its commitment to sustainability and innovation. Recently, UPS has been investing heavily in green technologies and automation to reduce its carbon footprint and improve delivery efficiency. This includes the deployment of electric vehicles, smart logistics solutions, and advanced packaging techniques.

Financially, UPS remains robust, consistently reporting strong revenue growth and maintaining a stable balance sheet. Its ability to adapt to market changes and customer needs has solidified its position as a reliable and efficient logistics provider. The company's extensive network, combined with strategic partnerships, enables seamless global operations and customer satisfaction.

News

UPS Announces Strategic Initiatives And Three-Year Financial Targets

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UPS to host investor conference to discuss growth and productivity initiatives, setting three-year financial targets. The company aims to become a leading small package provider globally.
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EV Projects Lead Kentucky to $13.75 Billion in Industrial Manufacturing Projects, an Industrial Info News Alert

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Toyota Motor Corporation (TM) plans to invest $1.3 billion in expanding electric vehicle production in Kentucky, amidst a backdrop of $13.75 billion worth of Industrial Manufacturing projects.
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UPS New Canada Weekend Service

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UPS (NYSE: UPS) has announced the launch of Saturday residential delivery in Canada, making it the first integrated carrier to offer this service as a general offering for all customers. The service is currently available in the Greater Toronto Area (GTA) and will be expanded to Montreal, Laval, Calgary, and Greater Vancouver by March. This new service provides Canadian and U.S. shippers with Saturday residential delivery in Canada at no extra cost, aiming to better serve their customers. UPS is the first global small package carrier in Canada to provide committed Saturday ground residential delivery of shipments from the U.S. and within Canada at no additional cost. The move is expected to help businesses meet customer expectations for timely, convenient deliveries and attract consumers who want their deliveries sooner. According to an Angus Reid Canadian poll, 51 percent of Canadians expect online purchases to be delivered within 1-2 days, even over the weekend, and 74 percent agree it's important that delivery services operate on weekdays and weekends.
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UPS Releases 4Q 2023 Earnings

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UPS announced a 7.8% decrease in consolidated revenues to $24.9 billion in Q4 2023 compared to the same period in 2022. Diluted EPS was $1.87, adjusted diluted EPS was $2.47, and the company declared a quarterly dividend of $1.63 per share. Operating profit decreased by 22.5% compared to Q4 2022. The U.S. Domestic Segment's revenue decreased by 7.3%, the International Segment's revenue decreased by 6.9%, and the Supply Chain Solutions revenue decreased by 11.4%. For the full year 2023, UPS reported a 9.3% decrease in revenue to $91.0 billion, a 28.7% decrease in adjusted operating profit to $9.9 billion, and a diluted EPS of $7.80. UPS returned $7.6 billion to shareholders through dividends and share buybacks. The company expects revenue to range from approximately $92.0 billion to $94.5 billion and consolidated adjusted operating margin to range from approximately 10.0% to 10.6% for the full year 2024.
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UPS To Release Fourth-Quarter 2023 Results On Tuesday, January 30, 2024

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UPS (NYSE:UPS) is set to announce its 2023 fourth-quarter results on January 30, 2024. The investor conference call will be led by CEO Carol Tomé and CFO Brian Newman, and will be open to the public via a live webcast.
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UPS Supply Chain Symphony™ Platform: Harmonizing Supply Chains for Success

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UPS (NYSE: UPS) introduces the UPS Supply Chain Symphony™ platform, a new tool that integrates various supply chain components into a single platform, empowering customers to operate more efficiently, gain better visibility, and make strategic decisions. This cloud-based Software as a Service (SaaS) solution offers improved customer service, collaboration, asset utilization, and forecasting accuracy. It also integrates previously stand-alone UPS tools, including shipping services, logistics and distribution, freight forwarding, customs brokerage, supplier management, urgent transportation, mailing services, and logistics services through vetted carriers.
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Quad-C Exits Investment in MNX in Sale to UPS

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Quad-C Management, Inc. has closed the sale of its investment in MNX Global Logistics to UPS. MNX is a U.S.-based global time critical logistics provider specializing in life sciences, medical device, healthcare shipments, and mission-critical parts. Quad-C's investment in MNX exemplifies their history of partnering with market leaders in the transportation and logistics sector. The transaction terms were not disclosed.
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UPS Announces Quarterly Dividend

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UPS (NYSE: UPS) has announced its regular quarterly dividend of $1.62 per share on all outstanding Class A and Class B shares. The dividend will be payable on November 30, 2023, to shareowners of record on November 13, 2023. UPS has consistently maintained or increased its dividend each year since going public in 1999.
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UPS Asks Job-Seekers to ‘Picture Yourself in UPS Brown’

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UPS plans to hire at least 60,000 seasonal employees for the holiday season during a two-day hiring blitz called UPS Brown Friday. The hiring events will take place on November 3-4, both in-person and virtually across the U.S. Online applications can be completed in 20 minutes or less. UPS has an 86% promotion from within rate for permanent employees. Some seasonal positions may lead to long-term careers at UPS.
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UPS Releases 3Q 2023 Earnings

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UPS announces third-quarter 2023 results with consolidated revenues of $21.1B, a 12.8% decrease compared to last year. Operating profit was $1.3B, down 56.9% YoY. Diluted EPS was $1.31, a 56.1% decrease from 2022.
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FAQ

What is the current stock price of United Parcel Service Class B (UPS)?

The current stock price of United Parcel Service Class B (UPS) is $125.68 as of December 20, 2024.

What is the market cap of United Parcel Service Class B (UPS)?

The market cap of United Parcel Service Class B (UPS) is approximately 104.4B.

What does UPS do?

UPS is a global logistics and package delivery company offering shipping, receiving, and supply chain management services.

When was UPS founded?

UPS was founded in 1907 as the American Messenger Company.

What is the primary source of revenue for UPS?

Domestic U.S. Package operations generate about 64% of UPS's total revenue.

How many packages does UPS deliver daily?

UPS delivers an average of 22 million packages per day.

What are UPS's key business segments?

UPS's key segments include Domestic U.S. Package, International Package, air and ocean freight forwarding, truckload brokerage, and contract logistics.

What is UPS's current focus regarding its truck brokerage unit, Coyote?

UPS is exploring strategic alternatives for its truck brokerage unit, Coyote, to enhance operational efficiency and profitability.

How is UPS contributing to sustainability?

UPS invests in green technologies and automation, including electric vehicles and smart logistics solutions, to reduce its carbon footprint.

What is UPS's financial condition?

UPS is financially robust, reporting strong revenue growth and maintaining a stable balance sheet.

How does UPS maintain its global operations?

UPS maintains global operations through its extensive network and strategic partnerships, ensuring seamless logistics and customer satisfaction.

Where can I find the latest news about UPS?

You can find the latest news about UPS on StockTitan and other financial news websites.

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United Parcel Service, Inc. Class B

NYSE:UPS

UPS Rankings

#115 Ranked by Market Cap
#568 Ranked by Dividends

UPS Stock Data

104.38B
731.17M
0.02%
72.26%
1.8%
Integrated Freight & Logistics
Trucking & Courier Services (no Air)
Link
United States of America
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