Category: UPS Press Release

Execution, Strategies and Investments Drive Continued Gains and Uniquely Position UPS for Future Success

• 4Q19 Operating Profit Growth and Margin Expansion in All Segments
• 4Q19 Positive Operating Leverage Driven by Lower Unit Cost in the U.S.
• 4Q19 Diluted EPS of ($0.12); Adjusted* Diluted 4Q19 EPS Up 8.8% to $2.11
• 4Q19 U.S. Daily Volume Grew Nearly 9%; Next Day Air Volume Up Nearly 26%
• 2019 Cash from Operations of $8.6B; Adjusted Free Cash Flow Topped $4.1B
• Announces Full-Year 2020 Adjusted EPS Guidance Range of $7.76 to $8.06
• Speeding up time-in-transit and broadening weekend services in 2020 to capture profitable growth from Small- and Medium-sized Businesses (SMB)

UPS (NYSE:UPS) today announced fourth-quarter 2019 adjusted earnings per share of $2.11, an 8.8% increase over the same period last year. The company’s results highlight the strong volume growth in the U.S. Domestic segment and the impact of successful execution from all segments.

• UPS commits to purchasing 10,000 of Arrival’s vehicles – purpose built for UPS
• Both companies are co-developing electric delivery vehicles for UPS
• Advanced vehicle controls create new functionality
• Equity investment gives UPS early access to Arrival’s vehicles
• Arrival is the first commercial vehicle manufacturer to provide purpose-built electric delivery vehicles to UPS’s specifications and with a production strategy for global scale

UPS (NYSE:UPS) today said its venture capital arm, UPS Ventures, has completed a minority investment in Arrival, which makes electric vehicle (EV) platforms and purpose-built vehicles that offer a highly competitive value proposition when compared with both traditional internal combustion engine vehicles, as well as existing EVs. Along with the investment in Arrival, UPS also announced a commitment to purchase 10,000 electric vehicles to be built for UPS with priority access to purchase additional electric vehicles.

• Additional investments in speed and network capability with more than 5 million sq. ft. of new automated sortation coming on line in 2020; initial announcement of $1.4 billion investment in Pennsylvania UPS locations, creating 1,700 new jobs
• Expansion of UPS® Extended Hours service and weekend pickup and delivery
• New rural UPS Access Point Locations in Package Express Centers stores
• My Choice® for business international expansion to 30 countries and territories in 2020
• Square Online Store adds in-platform UPS Digital Access Program offers
• Smart upgrade added to ups.com, simplifying cross-border shipping
• Continuous route optimization in next-generation ORION enables new customer services, saves miles and fuel
• UPS Flight Forward drone delivery service expands to University of California at San Diego hospital network under Part 107 certification
• UPS Flight Forward and Henry Schein To Collaborate on Drone Campus Delivery Evaluation
• Equity investment in innovative electric vehicle manufacturer Arrival and commitment to purchase 10,000 Arrival delivery vehicles
• Testing autonomous ground shuttle service in Arizona with Waymo

New super hub and three package sortation and distribution centers to create more than 1,700 full-time equivalent jobs

For the third consecutive year, UPS (NYSE:UPS) will bring online substantial processing capacity globally at 20 new or remodeled, highly automated, data-driven facilities in 2020. The projects, as part of enterprise-wide transformation initiatives, will add more than 5 million square feet of new automated sortation globally, well ahead of the 2020 holiday season. Innovative technology provides increased efficiency and additional flexibility for routing packages, with visibility tools and leading edge analytics optimizing volume and processing capacity alignment across UPS’s smart global logistics network.

Free and easy-to-install UPS plug-ins provide robust shipping tools directly to shippers on four popular e-commerce platforms

UPS (NYSE:UPS) today announced that it is offering free plug-ins to make UPS tools and services seamlessly available within four popular e-commerce platforms: WooCommerce, PrestaShop, OpenCart and Magento.

This offering is part of the recently announced UPS® Digital Access Program, which natively integrates UPS’s services into popular e-commerce platforms and provides highly competitive shipping rates to users. By offering these plug-ins, UPS helps merchants quickly and easily open a UPS account and manage multiple aspects of shipping and fulfillment inside their existing e-commerce platform.