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) reported first-quarter 2023 revenues of $22.9 billion, a 6.0% decrease year-over-year, while consolidated operating profit fell to $2.5 billion, down 21.8%. Diluted earnings per share (EPS) were $2.19, reflecting a 27.9% decline from last year. The U.S. Domestic Segment saw revenues of $14.99 billion, slightly down by 0.9%, with a decrease in average daily volume. The International Segment's revenue decreased 6.8% due to lower volume from domestic and China trade lanes. UPS anticipates a challenging outlook for 2023, expecting revenue and adjusted operating margins to align with the lower end of previous guidance, targeting $97 billion in revenue and adjusted operating margins of 12.8%.
UPS (NYSE:UPS) is set to release its 2023 first-quarter results on April 25, 2023, at approximately 6:00 a.m. Eastern Time. Following the results announcement, CEO Carol Tomé and CFO Brian Newman will host an investor conference call at 8:30 a.m. ET to discuss the details. This call will be accessible to the public via a live webcast, which can be found on the UPS Investor Relations website. The webcast audio will be available for a limited time after the call, allowing interested stakeholders to catch up on the company's performance and outlook.
On April 3, 2023, the Editorial Advisory and Securities Review Committee of BetterInvesting Magazine highlighted United Parcel Service Inc. (NYSE: UPS) as its "Stock to Study" and Truist Financial Corp. (NYSE: TFC) as its "Undervalued Stock" for the June 2023 issue. The S&P 500 and Nasdaq Composite gained over 7% and 16%, respectively, in Q1 2023, illustrating the importance of long-term investing strategies. BetterInvesting encourages investors to use the Stock Selection Guide to evaluate investment opportunities and to learn about stock market principles for informed decision-making.
UPS has announced a significant investment in driver safety and training, adding 20 delivery simulators nationwide, which nearly doubles their total since 2020. In 2022, UPS trained over 20,000 drivers and inducted more than 1,200 into the Circle of Honor, a program for accident-free drivers, now totaling over 10,000 members with 305,691 years of safe driving experience. The company invested over $343 million in safety training in 2022. UPS drivers are among the best paid in the industry, with average yearly compensation nearing $95,000 and benefits that extend to part-time employees.
UPS (NYSE:UPS) reported fourth-quarter 2022 consolidated revenues of $27.0 billion, a 2.7% decrease from Q4 2021. The diluted EPS was $3.96, with adjusted diluted EPS increasing by 0.8% to $3.62. Despite a 17.9% drop in consolidated operating profit to $3.2 billion, the company declared a quarterly dividend of $1.62 per share, up 6.6%, and authorized a $5 billion share repurchase program. The full-year 2022 revenue reached $100.3 billion, with an operating profit of $13.1 billion. Looking ahead, UPS projects 2023 revenue between $97.0 billion and $99.4 billion.
UPS has released its inaugural U.S. Jobs and Opportunity Report, highlighting its commitment to industry-leading pay and career advancement. The company welcomed 100,000 seasonal workers, emphasizing that these roles offer significant economic opportunities. UPS drivers average $95,000 annually, with total compensation reaching $145,000. The report also outlines the company’s strong promotion culture, wherein half of management positions are filled by employees who started in entry-level roles. Additionally, nearly one-third of seasonal workers were promoted to permanent positions after the 2021 holiday season.
UPS is set to announce its 2022 fourth-quarter results on January 31, 2023, at approximately 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 in detail. This call will be publicly accessible via a live webcast. Interested parties can join the webcast by visiting UPS Investor Relations, where the audio will also be available for a limited time after the call.
Tokens.com Corp. (OTCQB: SMURF) announces the completion of a metaverse experience and conference center for The UPS Store, developed by its subsidiary Metaverse Group in collaboration with Coffee Digital. This digital land lease marks a significant step for The UPS Store into the metaverse, promoting entrepreneurship through a dedicated virtual space. The center features educational resources for small business owners, integrating cutting-edge technology like holograms and curated content from recognized sources. This initiative aims to position Tokens.com as a leader in web3 solutions.
