United Parcel Service
American package delivery company
United Parcel Service
| Type | Public |
|---|---|
| Traded as | NYSE: UPS |
| Key people | Carol Tomé (CEO) |
| Industry | Courier, Logistics |
| Revenue | 
$97.3 billion (2021) |
| Operating income |
$13.1 billion (2021) |
| Net income |
$12.9 billion (2021) |
| Assets |
$69.1 billion (2021) |
| Equity |
$15.3 billion (2021) |
| Employees | 534,000 (2021) |
| Website | [www.ups.com Official website] |
United Parcel Service (UPS) is an American multinational package delivery and supply chain management company. Founded in 1907 by James E. Casey in Seattle, Washington, UPS has grown to become one of the largest and most recognizable logistics and delivery companies in the world. The company's headquarters are located in Sandy Springs, Georgia, which is part of the Atlanta metropolitan area.
History
UPS was originally established as the American Messenger Company in 1907. The company primarily focused on delivering telegraphs and other small packages. In 1913, the company expanded its services to include parcel delivery for retail stores, and it was renamed Merchants Parcel Delivery. The company adopted its current name, United Parcel Service, in 1919.
Throughout the 20th century, UPS expanded its operations across the United States and internationally. In 1975, UPS became the first package delivery company to serve every address in the continental United States. The company went public in 1999, and its shares are traded on the New York Stock Exchange under the ticker symbol UPS.
Services
UPS offers a wide range of services, including:
- Package delivery
- Freight transportation
- Logistics
- Supply chain management
- Customs brokerage
- Financial services
The company operates through several divisions, including UPS Airlines, UPS Freight, and UPS Supply Chain Solutions. UPS also offers specialized services such as UPS My Choice, which allows customers to manage their deliveries, and UPS Access Point, a network of local businesses that provide convenient package pickup and drop-off locations.
Operations
UPS operates one of the largest fleets of aircraft and delivery vehicles in the world. The company's air hub, known as Worldport, is located in Louisville, Kentucky. Worldport is the largest automated package handling facility in the world and serves as the central hub for UPS's global air network.
The company's ground operations are supported by a vast network of distribution centers, sorting facilities, and delivery vehicles. UPS drivers are known for their distinctive brown uniforms and delivery trucks, which have earned the company the nickname "Big Brown."
Environmental Initiatives
UPS is committed to sustainability and has implemented several initiatives to reduce its environmental impact. The company has invested in alternative fuel vehicles, including electric and hybrid delivery trucks. UPS also operates a carbon offset program that allows customers to offset the emissions associated with their shipments.
Competitors
UPS faces competition from several other major logistics and delivery companies, including:
See also
References
External links
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Contributors: Prab R. Tumpati, MD
