All UPS articles

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    News

    UPS launches new route between Paris and Hong Kong

    2025-02-13T10:51:00Z

    UPS has added a new route between Paris (CDG) and Hong Kong (HKG) to meet expanding export demand from French businesses.

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    News

    UPS expands pharma facilities in Europe and Mexico

    2025-02-12T11:41:00Z

    UPS Healthcare has opened three new cross-docking facilities in Milan, Frankfurt and Mexico City to support pharma shipments

  • UPS Boeing 767-300 freighter
    News

    UPS plans to offload 50% of Amazon business

    2025-01-30T15:55:00Z

    Shares in express giant UPS fell today after the company revealed plans to offload 50% of its business with its largest customer Amazon

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    News

    UPS completes Frigo-Trans and BPL acquisitions

    2025-01-08T14:33:00Z

    UPS has completed the acquisition of Germany-based Frigo-Trans and its sister company BPL, which provide complex healthcare logistics solutions across Europe.

  • Photo: UPS. Supplied with press release. 10/09/2024
    News

    UPS grows healthcare logistics capabilities with acquisitions

    2024-09-10T13:08:00Z

    Photo: UPS UPS has struck a deal to grow its healthcare logistics capabilities with the acquisition of Germany-based Frigo-Trans and its sister company BPL. Once completed, the acquisitions will boost end-to-end temperature-sensitive and time-critical logistics services throughout Europe, said the US-headquartered company. “The fast-paced innovation in the ...

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    Insights

    Top 25 cargo carriers: Cargo goes slow on growth in 2023

    2024-09-02T07:45:20Z

    Air cargo demand in 2023 was slow to recover from the previous year’s market slump and the top 25 cargo airlines felt the strain.2023 was undoubtedly a tough year for air cargo with global full-year demand, measured in cargo tonne-kilometers (CTKs), for the top 25 airlines down 1.7% compared to ...

  • UPS Q2 2024 international segment results
    News

    UPS Q2 profit down 30% YoY

    2024-07-23T15:19:31Z

    Volumes posed a challenge for UPS in the second quarter of this year, though results were bolstered slightly by the performance of the supply chain solutions division.UPS has announced second quarter consolidated revenues of $21.8bn, a 1.1% decrease from the second quarter of 2023.Consolidated operating profit was $1.9bn, down 30.1% ...

  • News

    UPS to acquire Estafeta

    2024-07-23T09:05:23Z

    UPS has entered into an agreement to acquire Mexican express delivery company Estafeta, including a fleet of six aircraft.The acquisition has been announced as Mexico becomes strategically more important to UPS and the use of nearshoring grows.Estafeta's business include global express import and export with air service, document and parcel ...

  • News

    Freighter emissions up 25% since 2019

    2024-06-27T09:21:06Z

    Greenhouse gas (GHG) emissions generated by freighter aircraft have grown by 25% since 2019, according to environmental campaign group Stand.earth.The report called for greater emissions transparency from carriers and said one of the major causes of the problem is the demand for faster delivery services for e-commerce shipments.The report shows ...

  • News

    FedEx plans to cut up to 2,000 jobs in Europe

    2024-06-13T09:30:08Z

    FedEx is planning to cut thousands of jobs in Europe as it continues to struggle with sluggish market conditions.The express giant said that it would let go between 1,700 and 2,000 members of its back-office team on the continent - around 3-4% of its 52,000 European employees.It hopes the move ...

  • News

    UPS opens first healthcare facility by Dublin Airport

    2024-05-22T11:07:31Z

    UPS has opened its first dedicated healthcare facility in Dublin to support the pharma and medical industry supply chain in Ireland.The €12m facility at Horizon Logistics Park in Swords spans around 6,000 sq m and is situated next to Dublin Airport, UPS told Air Cargo News.Fitted with specialised cold chain ...

  • News

    Future of the 767F given a boost as US Senate backs emissions exemption

    2024-05-13T10:15:15Z

    Production of the Boeing 767 freighter has been given a lifeline after the US Senate approved a bill that would exempt the aircraft from stricter emissions rules.The US is due to implement new aircraft efficiency rules from January 1 2028 which had called into question the future of the 767 ...

  • UPS-Q1-2024
    News

    UPS revenue drops 5% in Q1

    2024-04-23T15:14:49Z

    Express services giant UPS recorded consolidated revenue of $21.7bn in the first three months of this year, a 5.3% fall on its performance in the first quarter of 2023.Consolidated operating profit was down further, by 36.5% year on year to $1.6bn (and down 31.5% on an adjusted basis).The company's Supply ...

  • Photo: IATA Flickr account. 22/04/2024
    News

    Stricter air cargo monitoring "not a concern"

    2024-04-22T13:10:50Z

    From left to right: Airforwarders Association executive director Brandon Fried; cargo.one chief executive Moritz Claussen; Turkish Cargo cargo vice president Americas Salih Kamil Salihoğlu; UPS vice president Susana Pereira; and Southwest Airlines managing director of strategy & business services Michelle Williams. Photo: IATAAir cargo stakeholders are not concerned about the ...

  • News

    UPS wins US postal air cargo contract

    2024-04-02T09:14:48Z

    UPS has been awarded a contract by the United States Postal Service (USPS) to become its primary air cargo provider.The contract is effective immediately, but there will be a transition period as UPS takes over from FedEx, which has had a long-term mail contract with USPS.This new contract will see ...

  • M Kessler
    News

    Kessler takes up new role at UPS

    2024-03-11T11:43:18Z

    Source: UPSUPS has announced that it has named Markus Kessler as its country cluster manager for the UK, Ireland, Sweden, Denmark, Norway, Finland and Iceland.He will be responsible for overseeing small package operations and driving business development and strategy in the region.The area is home to some of UPS’s most ...

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    News

    Qatar Cargo set to exit 747-8F operations as UPS takes aircraft

    2024-02-13T10:27:59Z

    Source: Matheus Obst/ Shutterstock.comQatar Airways Cargo looks set to offload its two Boeing 747-8 freighters with UPS adding the two jumbos.Speaking following the announcement of its quarterly results, UPS chief financial officer Brian Newman confirmed that it had acquired two 747-8Fs "through Qatar".Newman said the aircraft additions were part of ...

  • News

    UPS to cut 12,000 jobs as market downturn bites

    2024-01-31T13:16:46Z

    UPS has announced it will cut more than 12,000 jobs as part of efforts to reduce costs in light of continuing market weakness.The express giant's chief executive Carol Tomé said the job cuts would save the company $1bn per year. UPS is also considering selling its Coyote truck brokerage business.Most ...

  • UPS-Q4-2023-international-segment-results
    News

    UPS still struggles with revenues in Q4

    2024-01-30T14:17:35Z

    UPS revenues in the fourth quarter dropped nearly 8% year on year as volumes fell in both the domestic and international segments.The express giant announced consolidated revenues of $24.9bn in the fourth quarter of last year, a 7.8% decrease from the fourth quarter of 2022.Meanwhile, consolidated operating profit was $2.5bn, ...

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    News

    DHL, FedEx and UPS face India competition probe

    2024-01-12T11:26:10Z

    Source: Worawee Meepian/shutterstockDHL, FedEx and UPS are under investigation by the Competition Commission of India (CCI) over alleged antitrust violations.Newswire Reuters reported that the local units of the three express giants were the focus of an investigation following a complaint from the Federation of Indian Publishers.According to the report, the ...