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The Latest UPS Headlines
Global 500: United Parcel Service
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<blockquote data-quote="cheryl" data-source="post: 4949855" data-attributes="member: 1"><p><a href="https://fortune.com/company/ups/global500/" target="_blank"><strong>Global 500: United Parcel Service - Fortune</strong></a></p><p></p><p>Big Brown continues its reign as the leading U.S. delivery business. Pandemic-fueled demand propelled United Parcel Service 40 spots higher, to No. 89, on this year’s Global 500. UPS’s revenues rose 14.2%, to $84.6 billion, in 2020, keeping it ahead of perennial rival FedEx. But the shift in emphasis to residential over commercial parcels took a 70% bite out of profits, which declined to $1.34 billion. A bigger threat looms, as well. Amazon—a major partner, and rising competitor—is doubling down on a delivery network of its own. How the shipper’s CEO, Carol Tomé, installed on June 1, 2020, confronts this “frenemy” may prove to be the defining mark of her tenure.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4949855, member: 1"] [URL='https://fortune.com/company/ups/global500/'][B]Global 500: United Parcel Service - Fortune[/B][/URL] Big Brown continues its reign as the leading U.S. delivery business. Pandemic-fueled demand propelled United Parcel Service 40 spots higher, to No. 89, on this year’s Global 500. UPS’s revenues rose 14.2%, to $84.6 billion, in 2020, keeping it ahead of perennial rival FedEx. But the shift in emphasis to residential over commercial parcels took a 70% bite out of profits, which declined to $1.34 billion. A bigger threat looms, as well. Amazon—a major partner, and rising competitor—is doubling down on a delivery network of its own. How the shipper’s CEO, Carol Tomé, installed on June 1, 2020, confronts this “frenemy” may prove to be the defining mark of her tenure. [/QUOTE]
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