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IPO
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Atlanta, Georgia
Founded
1907
UPS provides logistics services that include the transportation of packages and freight, as well as supply chain management solutions. Their services range from express delivery to freight forwarding, catering to both individual consumers and large businesses. UPS operates in over 220 countries, utilizing a vast global network and advanced technology to ensure efficient and reliable delivery. Unlike many competitors, UPS focuses on a comprehensive approach to logistics, integrating various services to streamline the shipping process. The company's goal is to facilitate international trade and improve business operations through effective logistics solutions.
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Total Funding
$39.8M
Above
Industry Average
Funded Over
1 Rounds
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Paid Vacation
Paid Sick Leave
Paid Holidays
Professional Development Budget
UPS and Figure AI are reportedly considering a partnership in which the robotics startupâs humanoid robots would perform some tasks in the logistics companyâs operations. Discussions between the two companies are ongoing, Bloomberg reported Monday (April 28), citing unnamed sources. UPS said in the report that it wouldnât discuss potential vendor partners and that it regularly explores a wide range of technologies, including robotics
Acquisition will Enhance End-to-End Capabilities and Service to Healthcare Customers Needing Temperature-Controlled Logistics Solutions in North America
UPS is debuting a tool to help online shoppers view the added cost of tariffs. UPS Global Checkout is designed to ease international trade as a trade war between the United States and other nations complicates eCommerce shipping, according to a Wednesday (March 26) press release. âUntil now, international purchases often arrived with an unpleasant surprise â an additional bill for unpaid import costs,â the release said. âUPS Global Checkout solves that problem by guaranteeing upfront the amount online shoppers pay in duties, fees and taxes, and eliminating the frustration of unexpected costs at delivery.â
In 2024, UPS achieved significant milestones in its digital transformation and operational efficiency efforts, driven by the evolution of its Digital Access Program (DAP) and use of RFID tagging technology, both of which have played a crucial role in the companyâs progress. DAP, which streamlines shipping processes for businesses, saw notable success in 2024, per the companyâs fourth-quarter earnings results, released Thursday (Jan. 30). With a 17% year-over-year increase in revenue, DAP generated $3.3 billion in global revenue, contributing significantly to UPSâs overall growth. The program offers businesses discounted shipping rates, seamless integration with eCommerce platforms and flexible shipping options, making it easier for small and medium-sized businesses (SMBs) to access UPSâs advanced logistics solutions. SMBs accounted for 28.9% of UPSâs total U.S
UPS said it will cut the volumes it handles for Amazon by 50% going into the second half of 2026 as part of a plan to improve profitability at the parcel carrier.The news was announced during the companyâs fourth-quarter earnings release and call with analysts Thursday before the market opened.E-commerce giant Amazon accounted for 11.8% of revenue at UPS in 2024, but âlooking ahead, we project this business, if we take no action, will drive diminishing returns,â CEO Carol TomĂ© said during the call with analysts. âAmazon is our largest customer but not our most profitable.âAfter the announcement about Amazon, UPS stock fell by as much as 15% by noon.UPS (NYSE: UPS) also announced an initiative called âefficiency reimagined,â which aims to reduce spending by $1 billion and will include reductions in labor and the closing of a number of facilities in its logistics network over the next several quarters.The company reported fourth-quarter revenue of $25.3 billion, a 1.6% year-over-year increase compared to the previous year.Adjusted earnings per share in the quarter came in at $2.75, up 11.3% year over year compared to the fourth quarter of 2023.UPS missed Wall Street revenue expectations of $25.419 but beat EPS predictions of $2.53.The companyâs U.S. domestic segment fourth-quarter revenue increased 2.2% year over year to $17.3 billion, reflecting a 2.4% year-over-year increase in revenue per piece, along with increases in air cargo volumes. UPSâ international segment quarterly revenue grew 6.9% year over year to $4.9 billion, reflecting an 8.8% year-over-year increase in average daily volume. âInternational domestic average daily volume increased 5.8% compared to last year, driven by strong performance in Canada,â CFO Brian Dykes said. âOn the export side, average daily volume increased 11.7% year over year, with all regions delivering average daily volume growth. Asia export average daily volume was up 15.4% year over year, delivering growth for the third consecutive quarter.âDykes said 17 of UPSâ top 20 export countries grew export average daily volume during the fourth quarter, led by Mexico and Germany.âIn Germany, which is our largest export market, average daily volume increased 8.6% compared to last year in the fourth quarter,â Dykes said.The supply chain solutions segmentâs fourth-quarter revenue declined by 9.1% year over year to $3 billion.For 2025, UPS expects total revenue of $89 billion, down about 2.3% from 2024. The company is planning capital expenditures of about $3.5 billion, dividend payments of around $5.5 billion, subject to board approval, and share repurchases of around $1 billion. The effective tax rate is expected to be around 23.5%.During the call, an analyst asked UPS officials if they believed they had seen âthe last of the big shoes to drop on some of the changes to the competitive landscape, or could there be more seismic shifts?ââI think the world is changing, and the rate of change is accelerating,â TomĂ© said
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Industries
Data & Analytics
Automotive & Transportation
Company Size
N/A
Company Stage
IPO
Headquarters
Atlanta, Georgia
Founded
1907
Find jobs on Simplify and start your career today