united-parcel-service

UPS Q4 revenue drops 3% to $27bn

United Parcel Service (UPS) reported a 3% decline in Q42022 revenue at $27 billion on 3% increase in domestic package revenue and 8% drop in international package revenue.According to a press statemen consolidated operating profit was $3.2 billion, down 17.9% compared to the Q4 2021, and down 3.3% on an adjusted basisCarol Tomé, chief executive officer, UPS, commented that for the year, UPS reached its targeted consolidated operating margin and ... [+]

UPS agrees to buy electric vertical aircraft

United Parcel Service is taking package delivery to new heights, literally, with the purchase of 10 electric vertical takeoff and landing aircraft from Beta Technologies. UPS said it will test the eVTOLs for use in its Express Air delivery network, focusing on small and medium markets. The company will operate ... [+]

UPS Opens Hub Facility in Aurora, CO

United Parcel Service, Inc. recently announced its first distribution center in Aurora, Colorado. The company signed a 10-year lease for the entire 360,000 square foot building located in Consolidated Investment Group’s (CIG) East Park 70 industrial park. More than 700 new jobs will be created with this facility when it ... [+]