UPS (United Parcel Service) Overview
Headquarters: Atlanta, Georgia, USA
CEO: Carol Tomé (as of 2024)
Founded: 1907 (by James E. Casey)
Industry: Package Delivery, Freight Transportation, Logistics
Stock Symbol: UPS (NYSE)
Key Facts About UPS
- Largest Package Delivery Company: Operates in over 220 countries with a vast logistics network.
- Massive Fleet: Over 125,000 trucks, 1,200+ aircraft, and extensive automated sorting facilities.
- Daily Deliveries: Handles approximately 24 million packages per day.
- Strong E-Commerce Presence: A major shipping partner for companies like Amazon, Walmart, and Shopify.
- Sustainability Initiatives: Investing in electric vehicles, alternative fuels, and carbon neutrality efforts.
Major Business Divisions
- UPS Domestic Package: Handles U.S. package deliveries, including Next Day Air, Ground, and 2-Day shipping.
- UPS International Package: Global shipping services, covering exports and imports.
- UPS Supply Chain Solutions: Logistics, warehousing, freight forwarding, and customs brokerage.
- UPS Freight (now TForce Freight): Less-than-truckload (LTL) and full-truckload (FTL) shipping.
Recent Developments & Achievements
- Expansion of Drone Deliveries: UPS Flight Forward is developing drone-based package deliveries.
- Investments in AI & Automation: Enhancing sorting centers and delivery routes for efficiency.
- Sustainability Goals: Committed to carbon neutrality by 2050 and expanding the use of electric delivery trucks.
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