United Parcel Service traces its origins to a humble beginning by two teenagers in 1907. Claude Ryan and Jim Casey started the American Messenger Company with a $100 loan and a Seattle basement. They carried notes and made home deliveries on foot and by bicycle, beginning their specialized business of parcel and message delivery. Today’s UPS relies on the pair’s core values of neatness, reliability, courtesy, and ethical practices.
Category: UPS News
In UPS’ annual 10-K filing for 2015, the company states that “no single customer accounts for 10% or more of our consolidated revenue” and that therefore “we do not believe that the loss of any single customer would materially impair our overall financial condition or results of operations.” Nonetheless, a number of UPS investors have become rather concerned about the prospect that Amazon.com could reduce its reliance on UPS, with the former seemingly focused on increasing its in-house shipping capabilities, which could mean its demand for UPS’ services will decline. Should investors really be worried?
Touting an incentive-laden deal to keep UPS in New Jersey — and bring it to Parsippany — as ” a clear sign of where New Jersey is headed,” Gov. Chris Christie attended the groundbreaking of the company’s new 200,000-square-foot technology center.
“We have recovered from the long recession,” Christie said. “We have put more of our people back to work than anytime before. And that’s not government doing it. That’s private-sector companies like UPS.”
The market is worried about the threat to the package delivery firms coming from online retailers expanding their cargo networks.
First it was Amazon.com) drones that were set to destroy the businesses of FedEx Corporation and United Parcel Service, Inc. Now it’s the online retailer’s expansion of its air-cargo network. It all sounds dramatic, but in reality Amazon’s moves don’t present a significant threat to the two mega-logistics players. Here are five reasons why.
United Parcel Service Inc.’s health care facilities in Louisville don’t ship packages — they ship patients.
OK, not really. But that’s how the workers there are told to think of the boxes full of medical devices and special drugs that UPS ships all over the world every day from its 1.4 million-square-foot UPS Healthcare facilities at Louisville International Airport.