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In 2023, UPS paid out $5.37 billion in dividends. However, the company generated free cash flow of $5.25 billion. That's an imbalance income investors don't like to see.
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 Inc (NYSE:UPS) shares are trading higher after the company reported better-than-expected third-quarter results. UPS reported consolidated revenue growth of 5.6% year-over ...
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.
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]
The lot is leased on an annual basis by UPS from the Indiana Toll Road Concession Company, the owners of the Indiana Toll Road. It shares the West Point name with the westernmost ITR toll plaza, also known as "West Point", 5.9 miles (9.5 km) north, but the Hammond CACH facility is sometimes erroneously marked as "Hopkins, Indiana".
While UPS has consistently emphasized its Aug. 1 strike deadline, some labor experts note that the union can extend its existing contract beyond the July 31 expiration date at its discretion.
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 ...