UPS

Company Description

United Parcel Service, better known as UPS, is a multinational package delivery and supply chain management company. Tracing its origins to 1907, UPS has expanded to deliver packages in the entire US and internationally, together with supply chain and air freight services with UPS Airlines, trucks with UPS Freight, and drones with UPS Flight Forward.

Detailed Description

United Parcel Service, Inc. provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services in Europe, the Asia Pacific, Canada and Latin America, the Indian sub-continent, the Middle East, and Africa. This segment offers guaranteed time-definite express options. The company also provides international air and ocean freight forwarding, customs brokerage, distribution and post-sales, and mail and consulting services in approximately 200 countries and territories. In addition, it offers truckload brokerage services; supply chain solutions to the healthcare and life sciences industry; shipping, visibility, and billing technologies; and financial and insurance services. The company operates a fleet of approximately 121,000 package cars, vans, tractors, and motorcycles; and owns 59,000 containers that are used to transport cargo in its aircraft. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia.

Wikipedia Introduction

United Parcel Service (UPS, stylized as ups) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has grown to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses. In addition, UPS offers air shipping on an overnight or two-day basis and delivers to post office boxes through UPS SurePost, a subsidiary that passes on packages to the United States Postal Service for last mile delivery. UPS is the largest courier company in the world by revenue, with annual revenues around US$85 billion in 2020, ahead of competitors DHL and FedEx. UPS' main international hub, UPS Worldport in Louisville, Kentucky, is the fifth busiest airport in the world by cargo traffic based on preliminary statistics from ACI, and the third busiest in the United States behind FedEx's Memphis Superhub and Ted Stevens Anchorage International Airport.

Source: Wikipedia, retrieved on March 31, 2022, 9:06 p.m.

Product & Services

Courier express servicesFreight forwarding servicesLogistics services, UPS Ground

Key People

Founder(s): James E. Casey

Carol Tomé (CEO)

Financials

Revenue: US$84.628 billion (Fiscal Year Ended December 31, 2020)

Operating income: US$7.684 billion (Fiscal Year Ended December 31, 2020)

Net income: US$1.343 billion (Fiscal Year Ended December 31, 2020)

Total assets: US$62.408 billion (Fiscal Year Ended December 31, 2020)

Total equity: US$0.669 billion (Fiscal Year Ended December 31, 2020)