Category: UPS Press Release

• UPS projects holiday returns will peak on January 2, 2020 with 1.9 million returns taking place – a 26 percent increase from last year’s peak returns day.
• UPS also expecting 1.6 million returns per day the week before Christmas.
• Record-breaking returns volume illustrates how e-commerce is changing the way consumers buy during the holidays.

This holiday season UPS (NYSE:UPS) is forecasting yet another record-breaking year for e-commerce returns – illustrating how e-commerce is continuing to change the way people shop for the holidays.

• One-day hiring blitz on November 1 part of UPS’s larger effort to hire about 100,000 seasonal employees
• More than 185 job fairs across the country; anticipate signing up nearly 50,000 in one day

UPS (NYSE: UPS) announced today that it expects to sign-up nearly 50,000 seasonal employees this Friday, in a one-day hiring blitz it’s calling ‘UPS Brown Friday’.

The company launched last month plans to hire 100,000 seasonal workers to support its annual holiday shipping rush, and UPS Brown Friday is part of that continuing effort. UPS is holding more than 185 hiring fairs across the country on Friday, and will be hiring thousands of candidates on the spot. A list of local hiring events is available here.

• More than 1M sq. ft. of facility space added in strategic markets across U.S.
• France, Germany operations receive notable EU GDP certification
• Enhancements support direct-to-patient shipping, storage, distribution and temperature controls of critical goods

UPS (NYSE:UPS) today announced major upgrades to its healthcare-dedicated warehouse and distribution network. This includes adding 1.3 million sq. ft. of total distribution space in key U.S. markets. In addition, UPS received European Union’s Good Distribution Practice (GDP) compliance certification for its healthcare operations in France and Germany.

UPS (NYSE:UPS) today announced Jim Barber, 59, UPS Chief Operating Officer will retire at the end of December 2019. As UPS COO, Barber is responsible for the company’s global small package, freight, supply chain and freight forwarding units and global engineering. Serving UPS for nearly 35 years, he joined the company as a delivery driver in 1985 and rose through positions of increasing responsibility.

“We deeply appreciate Jim’s many contributions to UPS,” said David Abney, UPS Chairman and CEO. “He guided our International teams to strong growth and performance for successive years, even when market conditions were challenging. More recently he built a strong team and helped them implement plans for improved performance in our Domestic and Supply Chain segments, as shown in our operating results.”

Barber is credited for leading UPS’s international growth in both mature and emerging Asian and European markets, while more recently prioritizing investments to capture opportunities in south-to-south trade in the Indian subcontinent, the Middle East and Africa. Barber is also hailed for his service on the Board of UNICEF USA, demonstrating his passion for humanitarian aid and community development around the world.

Operating Profit Up More Than 20%, with Margin Expansion in All Segments

• 3Q19 EPS of $2.01, Up More Than 16%; Adjusted* EPS Up 13.7% to $2.07
• U.S. Daily Volume Grew Above 9%; Next Day Air Volume Jumped Nearly 24%
• U.S. Operating Profit Rose Over 28%; Grew Nearly 26% on an Adjusted Basis
• Positive Operating Leverage in U.S. Driven by Lower Unit Cost
• International Operating Profit Up 24.4%; and 20.3% on an Adjusted Basis
• Supply Chain and Freight Operating Margin of 7.3%; Adjusted Margin of 7.6%
• Reaffirms 2019 Adjusted EPS and Raises Adjusted FCF Target to Over $4.0B