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United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. [1] Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company [6] and one of the world's largest shipping couriers.
In 2005, Lynx Express was acquired by UPS for £55.5 million (US$97.1 million). [5] At the time, Lynx Express was one of the largest parcel carriers in the UK, with sales of $295 million (£170 million) for the financial year ending 2 October 2004. [6] The company was subsequently integrated into UPS, and the Lynx brand disappeared.
Package delivery from a UPS truck. Package delivery, or parcel delivery, is the delivery of shipping containers, parcels, or high-value mail as single shipments. The service is provided by most postal systems, express mail, private courier companies, and less-than-truckload shipping carriers. [1]
UPS Airlines is a major American cargo airline based in Louisville, Kentucky, US. [8] One of the largest cargo airlines worldwide in terms of freight volume flown, UPS Airlines flies to 815 destinations worldwide. [9]
In March 2012, UPS announced its intention to acquire TNT Express for US$6.7 billion. [2] However, the deal fell through in January 2013, after it was announced that UPS had failed to obtain permission from the European Commission, and as such, had been blocked on competition grounds. [3] TNT Express truck in Plymouth, England in February 2010
In May 2018, UPS opened a 32,000-square-metre (340,000 sq ft), highly automated parcel and package sorting hub at the Logistics Park. [30] It acts as a UK hub and distribution centre as well as a key gateway to UPS's global transport network. It will be able to process around 30,000 packages each hour.
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