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UPS said that it now foresees 2023 consolidated revenue of about $93 billion. Its prior forecast was for revenue of around $97 billion. Analysts polled by FactSet expect $96.45 billion.
In October 2023, it was announced UPS had acquired the Los Angeles-headquartered reverse logistics company, Happy Returns from PayPal for an undisclosed amount. [54] In January 2024, UPS announced that it planned to cut 12,000 jobs and mandate that staff return to the office five days a week. Chief Executive Carol Tomé blamed the move on a ...
The package delivery giant is headed in the right direction.
Under the company’s Customer First, People Led, Innovation Driven strategy, the company aims to achieve a Net Promoter Score (NPS) of 50 or highe UPS Releases 2023 Financial Targets and New ESG ...
This list has all global annual earnings of all time, limited to earnings of more than $40 billion in "real" (i.e. CPI adjusted) value. Note that some record earning may be caused by nonrecurring revenue, like Vodafone in 2014 (disposal of its interest in Verizon Wireless) [1] or Fannie Mae in 2013 (benefit for federal income taxes).
At the beginning of 2023, UPS announced its plans to phase out its fleet of MD-11F aircraft; initially, six aircraft will be retired during 2023, with the other 34 replaced as it expands its 767 fleet. [35] Though lower in overall payload and range, the 767 houses nearly the same capacity of upper-deck containers and is more fuel-efficient. [36]
What is net income? Net income, also known as net earnings, is the total revenue of a company minus operating costs. This includes the cost of goods, taxes, interest, operating expenses, selling ...
Carol B. Tomé (born Carol Louise Buchenroth; January 8, 1957) is an American business executive who is the chief executive officer of United Parcel Service (UPS). [3] [4] She is formerly of The Home Depot, where she worked from 1995 to 2019, as Vice President and Treasurer and later as Executive Vice President and Chief Financial Officer. [5]