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Chart by author. However, UPS is now lapping the cost increase in the third quarter of 2023, and its compensation and benefits cost growth is much more in line with revenue growth -- a reason why ...
Domestic revenue slid 6.9% during the quarter, as average daily package volume fell 9.9%. UPS lowers 2023 revenue outlook citing labor deal with 340,000 unionized workers, falling volume Skip to ...
United Parcel Service (NYSE:UPS), a leader in logistics and package delivery, released its fourth-quarter 2024 earnings on January 30, 2025.. The company reported a non-GAAP adjusted EPS of $2.75 ...
At the beginning of 2023, UPS announced its plans to phase out its fleet of MD-11F aircraft; initially, six aircraft will be retired during 2023, with the other 34 replaced as it expands its 767 fleet. [35] Though lower in overall payload and range, the 767 houses nearly the same capacity of upper-deck containers and is more fuel-efficient. [36]
For the fiscal year 2023, UPS reported earnings of US$6.71 billion, with an annual revenue of US$90.96 billion, a 9 percent decrease over the previous fiscal cycle. [1] UPS ranked No. 34 on the 2022 Fortune 500 list of the largest United States corporations by total revenue. [67]
UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion. Adjusted EPS was $1.76, up 12.1% YoY, above the consensus of $1.63.
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 ...
Shares of UPS dropped nearly 9% Tuesday. Revenue also came up short in the fourth quarter, sliding 7.8% to $24.92 billion. That's just shy of Wall Street projections for $25.31 billion, according ...