Category: UPS Press Release

On 2/20/2021, at an event celebrating civil rights leader John Lewis, UPS’s chief corporate affairs, communications and sustainability officer Laura Lane, marked the moment with The UPS Foundation’s first tree planting toward its new commitment to plant 50 million trees by 2030. UPS volunteers, and a dozen more from the greater Atlanta community, planted trees and seedlings in Freedom Park surrounding John Lewis Plaza. It marks the first of 14 planned UPS projects in collaboration with the Arbor Day Foundation in cities across the U.S. and additional projects are being planned in international locations.

UPS Healthcare announced today an investment and further expansion of its capabilities in cell and gene services via Marken, a UPS company. UPS Healthcare is adding eight centers of excellence to support Marken’s global network of cell and gene services, bringing the total to 14 certified sites. The expanded network will support Marken’s well-established services including cryogenic transport services, patient data protection, superior temperature monitoring technology and real-time GPS tracking.

As an important part of UPS Healthcare’s offerings, Marken’s worldwide network includes 56 certified locations to handle the sensitive shipments required during the clinical development of cell and gene therapies. The eight new locations – New York, Miami, Amsterdam, Paris, Melbourne, Sidney, Tokyo and Seoul – strengthen Marken’s global Center of Excellence network, which already includes centers in Los Angeles, San Francisco, Philadelphia, London, Frankfurt and Singapore.

Consolidated Revenue Increased 21.0% to $24.9B; Growth Across All Segments
Consolidated Operating Profit Up 1.6% to $2.2B, Up 26.0% on an Adjusted* Basis
Diluted EPS of ($3.75); Adjusted Diluted EPS of $2.66, Up 26.1%
For the Year, Reported Highest Revenue and Adjusted Diluted Earnings Per Share in Company History

UPS (NYSE:UPS) today announced fourth-quarter 2020 consolidated revenue of $24.9 billion, a 21.0% increase over the fourth quarter of 2019. Consolidated average daily volume increased 10.6% year over year. Operating profit was $2.2 billion, up 1.6% compared to last year’s fourth quarter, or 26.0% on an adjusted basis. Net loss was $3.3 billion for the quarter; adjusted net income was $2.3 billion or 26.4% above the same period last year.

Transaction Highlights

• Includes UPS less-than-truckload (LTL) and dedicated truckload businesses
• Expected to close during the second quarter of 2021

UPS has entered into a definitive agreement to sell UPS Freight (UPSF) to TFI International Inc. (NYSE and TSX: TFII) for $800 million, subject to working capital and other adjustments.

“We are appalled by the lawlessness and violence that unfolded at the U.S. Capitol and strongly condemn the actions of those individuals who participated in the illegal activities that destroyed property and cost lives. We must peacefully and constructively find ways to advance the common good of our country within the bounds of our Constitutional framework and through the peaceful transition of power.

UPS believes the democratic process is a fundamental and sacred cornerstone for America. Since our founding, our country has stood for free, fair and peaceful elections. The outcome of the recent elections is clear and a peaceful transition of power is necessary. There is still much work to do to foster healing and unity within our divided nation, but now is the time to come together in purpose as one.