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UPS quarterly revenue and profit drop on China tariffs

United Parcel Service has today reported a decline in second-quarter profit and revenue, as demand took a hit from new "de minimis" tariffs on low-value Chinese shipments and mounting risks from President Donald Trump's trade policies.

Business • 29 Jul

UPS faces a sharp downturn in volume from China's Temu and Shein after the US decided that starting May 2 it will collect tariffs on goods that was duty-free up to $800 per individual sale

UPS to cut 20,000 jobs on likely lower Amazon shipments

United Parcel Service's first-quarter profit beat market estimates and the parcel delivery giant said it will cut 20,000 jobs to lower costs in an uncertain economy and in anticipation of weak volumes from its largest customer, Amazon.

Business • 29 Apr

UPS exceeded Wall Street estimates for quarterly profit today - ahead of the peak Christmas season

UPS tops quarterly profit estimates on rebounding volumes

United Parcel Service exceeded Wall Street estimates for quarterly profit today, ahead of the peak Christmas season, benefiting from rebounding volumes and effective cost controls, boosting its shares 8.3% in premarket trading.

Business • 24 Oct 24

UPS today reported quarterly revenue of $24.9 billion, down from $27 billion a year earlier

UPS to cut 12,000 jobs on weak e-commerce demand

United Parcel Service said today it would cut 12,000 jobs and explore strategic options for Coyote, its truckload freight brokerage business, after the company forecast full-year 2024 revenue below estimates.

Business • 30 Jan 24

US-based UPS is the world's biggest package delivery firm

UPS cuts revenue forecast on weak delivery demand

United Parcel Service has cut its 2023 revenue forecast due to lower e-commerce delivery demand as it fights to win back customers lost during its tumultuous labour talks, sending its shares down 5.3% before the bell today.

Business • 26 Oct 23

UPS today reaffirmed its full-year revenue forecast of about $102 billion

UPS beats profit estimates on higher delivery prices

United Parcel Service has today reported a stronger than expected quarterly adjusted profit and reaffirmed its full-year forecast as higher delivery prices helped offset softening e-commerce demand.

Business • 25 Oct 22

Cathy O'Brien, UPS Healthcare's Vice President for International Sales

UPS to launch new healthcare facility in Dublin

Logistics company UPS is to launch a new healthcare facility in Dublin, which will create 30 jobs.

Business • 24 Oct 22

The deal is expected to help UPS add over 350 temperature controlled facilities, or warehouses used to store temperature-sensitive pharmaceutical products across 14 countries

UPS to buy Italy's Bomi as it eyes cold-chain expansion

United Parcel Service is buying Italy-based healthcare-logistics firm Bomi Group to bolster its presence in the temperature-critical medicine deliveries sector.

Business • 08 Aug 22

The company reaffirmed its full-year outlook.

UPS quarterly adjusted profit rises

United Parcel Service (UPS) has reported a better-than-expected quarterly profit as the largest US parcel carrier focused on more lucrative shipments to offset cooling e-commerce delivery growth.

Business • 26 Jul 22

UPS posted quarterly revenue of $24.4 billion, beating analysts' expectations of $23.78 billion

UPS beats profit estimates amid e-commerce boom

United Parcel Service has today reported better than expected quarterly earnings as the parcel delivery company raised prices to cash in on a boom in the e-commerce industry.

Business • 26 Apr 22

The European Commission stopped UPS' planned €5.2 billion acquisition of TNT because it had not offered enough remedies to allay concerns that the deal would hurt consumers

UPS loses €1.7 billion claim for EU veto on TNT bid

The world's biggest logistics company, United Parcel Service, has today lost its court fight for a record €1.74 billion compensation claim from EU antitrust regulators for blocking its 2013 bid for Dutch rival TNT.

Business • 23 Feb 22

UPS said its revenue jumped 11.5% to $27.77 billion in the three months to December 31

UPS delivers record earnings with rosy outlook

Logistics giant United Parcel Service has today forecast 2022 revenue above market expectations and boosted its dividend after posting record quarterly earnings, supported by higher shipping rates and demand from more profitable e-commerce customers.

Business • 01 Feb 22

The parcel delivery company said
its total revenue jumped to $23.42 billion from $20.46 billion

UPS beats revenue estimates on steady online shipments

United Parcel Service has today beaten Wall Street estimates for second-quarter revenues, helped by ecommerce deliveries, air shipments and specialised handling of healthcare products such as Covid-19 vaccines.

Business • 27 Jul 21

UPS, the world's biggest parcel delivery company, is benefitting from a surge in online purchases during the Covid pandemic

UPS revenue tops estimates as Covid drives online sales

United Parcel Service has today topped Wall Street estimates for quarterly revenue, as the world's biggest parcel delivery company benefited from a surge in online purchases during the Covid-19 pandemic.

Business • 27 Apr 21

Nightline's CEO John Tuohy says the time is right for the UPS deal

UPS buys Ireland's Nightline logistics group

US logistics company UPS has agreed a deal to buy Ireland's Nightline Logistics Group.

Business • 03 May 17

Amazon said its net sales for the three months to the end of December rose to $35.75 billion from $29.33 billion.

Worried analysts question Amazon's logistics plans

E-commerce giant Amazon.com last night reported a 21.8% rise in quarterly revenue, helped by strong Christmas shopping and robust growth in its cloud services business.

Business • 29 Jan 16