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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 .
In 2005, the company was acquired by United Parcel Service for $1.3 billion. [15] Union Pacific completed the corporate spin-off of Union Pacific Resources, its hydrocarbon exploration subsidiary, in 1996. [16] [17] Anadarko Petroleum acquired Union Pacific Resources in 2000 for $4.4 billion in stock. [18] [19] [20]
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 ...
United Parcel Service (NYSE: ... set a long-term goal of generating $108 billion to $114 billion in revenue by 2026. That would represent a compound annual growth rate of 6% to 8% from 2023. It ...
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In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission. [2] A publicly held company may also issue a much more limited version of an annual report, which is known as a "wrap report." A wrap report is a Form 10-K with an annual report cover wrapped around it. [3]
UPS Capital was created in 1998 as a financial services division within UPS. UPS Capital at first leveraged an existing UPS product, collect on delivery (C.O.D.), as its core service offering, but the traditional C.O.D. model was improved with financial benefits designed to help accelerate and secure the flow of funds between UPS shippers and their customers. The success of these enhancements ...