20 Followers USX:UPS - United Parcel Service Inc United Parcel Service Inc
Sector: Industrials, Industry: Air Freight & Logistics
Next Earnings: 23 Apr 2024
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USD 147.33    +3.54 (+2.46%)

27 Mar 2024


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General

CEO: Ms. Carol B. Tome

IPO: 1999-11-10

Headquarters: US

Employees: 273,400

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Description

As the world's largest parcel delivery company, UPS manages a massive fleet of more than 500 planes and 100,000 vehicles, along with many hundreds of sorting facilities, to deliver an average of about 22 million packages per day to residences and businesses across the globe. UPS' domestic US package operations generate around 64% of total revenue while international package makes up 20%. Air and ocean freight forwarding, truckload brokerage, and contract logistics make up the remainder. UPS is currently pursuing "strategic alternatives" for its truck brokerage unit, Coyote, which it acquired in 2015.

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