Category: UPS Press Release

What’s new: Central Plains District President Darren Jones represented UPS as a panelist at the Business Case for Good Jobs roundtable Friday, May 13 in Washington, D.C.

Why it matters: Leading employers shared best practices to recruit and retain a strong workforce through job quality. In addition to UPS, retailer Eileen Fisher, employee-owned energy company Sustainergy and BA Auto Care joined U.S. Sec. of Labor Marty Walsh on stage.

Highlights of the event: Darren pointed toward UPS’s compensation as a major differentiator.

“We are able to create different pathways and different careers – a pathway to middle class,” he said. “If you come to work at UPS, you have an opportunity for a $100,000 a year job in a reasonable amount of time.”

Darren shared delivery drivers make $93,000 a year in wages with an additional $50,000 toward health, welfare and pension totaling about $143,000. Similarly, tractor-trailer drivers earn $110,000 in wages for a total of nearly $160,000.

What’s new: UPS and The UPS Foundation have teamed with VillageReach and Swoop Aero in Malawi to further support the equitable distribution of COVID-19 vaccines worldwide.

VillageReach is known for collaborating with governments and organizations to build health solutions that improve equity and access to care. Their mission to transform health care delivery to reach everyone is a natural fit with Swoop Aero’s sustainable and scalable drone technology platforms – getting critical health supplies to remote, underserved communities.

Why it matters: Together, UPS, VillageReach and Swoop Aero are delivering vaccines farther and faster than ever before. Drone technology can reduce vaccine transit times in hard-to-reach areas from six to seven hours to as little as 15 to 20 minutes.

The UPS Foundation and EDN have planted more than 3.7 million trees worldwide since 2013. Recently, EDN, the global coordinator of Earth Day events, planted 2,000 coast redwood seedlings in the Usal Redwood Forest in Northern California’s Mendocino County.

The planting is part of a project EDN has with the California Redwood Forest Foundation, a nonprofit that owns and manages the 50,000-acre forest, with the aim of restoring redwoods in the Usal Forest. Redwoods dominated the forest for centuries but have been heavily depleted by 100 years of industrial forestry.

Redwoods can reach heights of more than 350 feet and can have a diameter of 24 feet. Coast redwoods live only in a 40-mile wide strip on the Northern California coast, and have a lifespan of ups to 2,000 years.

• Consolidated Revenues of $24.4B, Up 6.4% from Last Year
• Consolidated Operating Profit of $3.3B, Up 17.6% from Last Year; Up 12.1% on an Adjusted* Basis
• Diluted EPS of $3.03; Adjusted Diluted EPS Up 10.1% Over Last Year to $3.05
• Reaffirms Full-Year 2022 Financial Guidance; Raises Targeted Share Repurchases to $2B for 2022

UPS (NYSE:UPS) today announced first-quarter 2022 consolidated revenue of $24.4 billion, a 6.4% increase over the first quarter of 2021. Consolidated operating profit was $3.3 billion, up 17.6% compared to the first quarter of 2021, and up 12.1% on an adjusted basis. Diluted earnings per share were $3.03 for the quarter; adjusted diluted earnings per share of $3.05 were 10.1% above the same period in 2021.

Challenge accepted: Larry Wei started out with just two electric vehicles (EVs) in 2017. He’s an UPS automotive fleet manager who, with his team, was asked to bring electric vehicles to UPS’s China operations.

“We’ve been ahead of the game in rolling out electric vehicles in Asia, but it also meant that we needed to learn on the job,” Larry said. “A lot of research, testing and evaluation were required.” The team also took safety and compliance into consideration when setting up the charging infrastructure.

Electrifying the fleet: Today, nearly all of UPS’s delivery fleet in the downtown areas of Beijing and Xi’an are fully electrified.

After five years, Larry and the team have expanded the fleet to more cities including Beijing, Shenzhen and Guangzhou.

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