UPS Inc., fueled by demand from e-commerce giant Amazon.com, on Jan. 30 reported a gain in fourth-quarter profit on an adjusted basis and in revenue while noting a one-time charge that dragged net results.
January 30, 2020UPS Inc. News Updates
Strong Holiday Orders, Close Ties to Amazon Boost UPS Q4 Earnings
Shippers, Carriers Shift Into High Gear for Cyber Monday
The holiday shopping season is here, and the big e-commerce day is expected to make shippers busy.
November 26, 2019Holiday Season Returns Will Set Record, UPS Predicts
This holiday season is projected to be so busy, UPS even expects to set a record for returned merchandise.
November 7, 2019UPS to Upgrade Health Care-Dedicated Warehouse Network
UPS Inc. will add major upgrades to its health care-dedicated warehouse and distribution network, according to an Oct. 28 news release.
October 28, 2019UPS Predicts Record Holiday Season
UPS Inc. says it has been preparing for what it expects to be a record-breaking holiday shipping season by building additional automated facilities and adding jets to its fleet to handle more packages as online shopping continues to grow.
October 23, 2019Stamps.com Soars as UPS Deal Seen as ‘Step in the Right Direction’
Stamps.com Inc. shares rallied Oct. 22 ahead of the opening bell after UPS Inc. announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000.
October 22, 2019UPS Invests $450 Million in CNG Trucks, Stations
UPS Inc. announced it will spend $450 million to add 6,000 vehicles powered by compressed natural gas as well as supporting infrastructure beginning next year.
October 9, 2019UPS Drones Win FAA Milestone Permission to Operate
UPS Inc. won U.S. certification to fly drones under regulations similar to those for airlines, a milestone that allows the company to vastly expand airborne deliveries.
October 1, 2019UPS Announces New Uniforms for Drivers
For nearly 100 years drivers at UPS Inc. have been known around the world by their brown uniforms. Now comes a newly designed uniform, and, yes, the iconic brown remains.
September 20, 2019UPS Shipments Swell in Amazon Era
A $20 billion investment spree detailed by UPS CEO David Abney last year, a plan that initially rattled Wall Street, is bearing fruit. Profit margins are improving even as 112-year-old Big Brown copes with swelling volume from voracious online shoppers, who are typically less lucrative to serve than business customers.
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