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UPS News

UPS first-quarter profit tops estimates as revenue rises – Reuters

United Parcel Service Inc (UPS.N) reported a higher-than-expected quarterly net profit on Thursday as revenue grew across its domestic and international package delivery segments and as well as freight and supply chain operations.

Often seen as a bellwether of U.S. economic activity, UPS said revenue increased to $15.315 billion in the first quarter from $14.418 billion in the year-ago period, above expectations of $15.17 billion in revenue.

“We think of it as a good start, and we’re determined to have a good finish to the rest of the year,” Chief Executive Officer David Abney said in an interview with Reuters.

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UPS Press Release

UPS Generates 6.2% Revenue Growth And Increases Q1 EPS To $1.32

  • U.S. Domestic Revenue Increases 5.0% as Package Yield Expands on Continued Ecommerce Demand
  • International Reported Operating Profit $529 Million, Currency-Neutral Operating Profit $648 Million
  • Supply Chain & Freight Building Momentum as Operating Profit Jumps 22% on 13% Revenue Growth
  • Operating Profit Growth Dampened by Fuel Surcharge Lag
  • Reaffirms Full-Year 2017 Adjusted EPS Guidance

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UPS News

UPS wins $2.35 billion U.S. defense contract: Pentagon – Reuters

United Parcel Service Co was awarded a five-year $2.35 billion contract, the Pentagon said on Wednesday.

The indefinite-delivery/indefinite-quantity, fixed-price next generation delivery service contract provides express small package delivery services for international shipments and express and ground small package delivery services for domestic shipments, the Pentagon said in a statement.

 

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Industry News

Amazon Ponders Self-Driving Vehicles for More Efficient, Cheaper Delivery – ExtremeTech

Amazon has set up a skunkworks project to explore using self-driving vehicles to deliver packages. Amazon wouldn’t necessarily develop the vehicles themselves. Instead, it wants to see how driverless vehicles would improve package delivery and make Amazon more efficient.

The project was first reported Monday in the The Wall Street Journal. The group is small, only a dozen employees. The think tank, as Amazon calls it, is part of a larger and more ambitious plan that would have Amazon transport more Amazon packages itself. The big picture has Amazon buying or renting jet freighters, operating its own long-haul tracks, and making its own deliveries. It also includes the showy possibility of Amazon drone deliveries.

 

 

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UPS Press Release

Teresa Finley, Chief Marketing And Business Services Officer, Announces Retirement

Ms. Finley Retires After 34 Years of Distinguished UPS Service

UPS (NYSE:UPS) today announced Teresa Finley, Chief Marketing and Business Services Officer, is retiring after 34 years of UPS service.

Her distinguished career, primarily in senior finance positions as Controller and CFO of multiple business units, Corporate Controller, Treasurer and Investor Relations Officer, culminated with her current role as a member of the UPS Management Committee, the company’s top leadership group.