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United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. [1] Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company [6] and one of the world's largest shipping couriers.
It has been a wholly owned subsidiary of United Parcel Service since its launch in 1988. In line with passenger airlines, UPS Airlines operates under the hub-and-spoke model. The airline's primary hub in the United States is at Louisville Muhammad Ali International Airport, where it built a 5,200,000 square foot facility known as UPS Worldport ...
The UPS (United Parcel Service) logo is displayed at a UPS customer center on April 1, 2024 in Los Angeles, California.
The UPS Store (formerly the United States arm of Mail Boxes Etc.) is a franchised subsidiary of United Parcel Service which provides, according to its website, shipping, shredding, printing, fax, passport photos, personal and business mailboxes, and notary services. [1] [2]
The company grew U.S. package volume for the first time in nine quarters, but the stock plunged anyway.
Data source: United Parcel Service. That pressure persisted in 2023, but its 2% growth in average revenue per piece couldn't offset its 8% decline in daily package volumes for the full year.
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In 1913, the American Messenger Company agreed to merge with Evert McCabe's Motorcycle Messengers. Merchants Parcel Delivery was formed and focused now on packages. Their first delivery car was a 1913 Ford Model T. [1] In 1919, the company expanded beyond Seattle and changed its name to United Parcel Service (UPS).