UPS

May
02
2022
By Ellen Britt
Leave My Package In The Metaverse – UPS Enters The Virtual Space

Leave My Package In The Metaverse – UPS Enters The Virtual Space

NFT, ,
Ellen Britt for CNT #NFT Will those familiar big brown UPS trucks soon be rumbling down the aveneues of the metaverse? All the street signs point in that direction! United Parcel Service (UPS) , the Atlanta-based shipping giant, has filed with the U.S. Patent and Trademark Office such terms as NFTs, virtual packages, parcels, shipping labels and virtual retail shipping. Clear Indications These filings are clear indications that UPS intends to enter the metaverse, but just how that will take shape, no one knows just yet. Some of the language used in the trademark filing applications points to USP looking at…
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Feb
05
2022
By Troy Warren
UPS profit soared above $10B in ’21, sales to top $100B in ’22

UPS profit soared above $10B in ’21, sales to top $100B in ’22

Business,
By Kelly Yamanouchi, The Atlanta Journal-ConstitutionTroy Warren for CNT #BusinessUPS said its profit grew nearly ten-fold in 2021 and that revenue should top $100 billion this year, propelled by e-commerce growth and higher shipping rates.2020 was a challenging year that required the shipping giant to rapidly adjust to a surge in online shopping at the start of the COVID-19 pandemic and prepare for vaccine shipments. 2021 brought an economic rebound driving so much global traffic that it is clogging supply chains.“The external environment is challenging due to the ongoing impacts of the pandemic, labor tightness, upstream supply chain jams and…
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Dec
25
2021
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By Troy Warren
UPS orders 19 more Boeing 767s for its delivery fleet

UPS orders 19 more Boeing 767s for its delivery fleet

Business,
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT #Business UPS is ordering 19 more Boeing 767 freighter aircraft to add to its fleet. The Sandy Springs-based shipping giant will take delivery of the new jets between 2023 and 2025. The order comes amid a surge in air cargo demand due to growth in e-commerceand express shipments. UPS was the launch customer for the 767 freighter in 1995 and has ordered 91 of the aircraft type over the years, as part of its fleet of more than 500 UPS and chartered aircraft. UPS operates a combination of Boeing 757s, 767s, 747s, MD-11s and Airbus A300s. The…
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Dec
17
2021
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By Troy Warren
Holiday shipping rush putting UPS, FedEx, USPS to the test

Holiday shipping rush putting UPS, FedEx, USPS to the test

Business, In The News, Lifestyle, , , , ,
By Kelly Yamanouchi - The Atlanta Journal-Constitution Michael E. Kanell - The Atlanta Journal-Constitution Troy Warren for CNT #Lifestyle  #Business A labor shortage, supply chain crisis and increased reliance on online shopping during the pandemic promise to make this holiday season one of the biggest tests for shipping giant UPS and its competitors. Shipping firms faced monumental challenges this year, as companies everywhere struggled to hire enough workers.UPS, for instance, started ramping up staff months ago with the aim of hiring 100,000 seasonal employees, but itswebsite early Friday afternoon still showed more than 2,000 seasonal job listings. Companies also faced supply chain snarls. Some of those have eased, but…
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Sep
07
2021
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By Troy Warren
Sandy Springs: UPS delivers first COVID-19 vaccines by drone

Sandy Springs: UPS delivers first COVID-19 vaccines by drone

Business, City News, COVID-19, , , , ,
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for SandySpringsNewsAndTalk.Com #COVID-19 #Business   The Sandy Springs-based shipping giant UPS said it has started making its first COVID-19 vaccine deliveries by drone. UPS Flight Forward is making deliveries on the campus of Atrium Health Wake Forest Baptist in Winston-Salem, North Carolina. The drones open up the prospect of a quicker way to deliver sensitive medical shipments, such as to remote or rural areas. The hospital ships the vaccines by drone from its central pharmacy to family medicine practices on its medical center campus. Drone operators inspect the Matternet M2 drone before takeoff and scan the airspace…
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Jul
27
2021
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By Troy Warren
Sandy Springs: UPS 2Q sales, profit soar despite fewer packages

Sandy Springs: UPS 2Q sales, profit soar despite fewer packages

Business, City News,
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for SandySpringsNewsAndTalk.Com   UPS reported a steep rise in revenue and profit for the second quarter of the year, even as it delivered fewer packages. The shipping giant handled 0.8% fewer packages than it did in the same quarter a year ago, but brought in 15% more revenue per package. It carried more pricey next-day air and international packages and fewer of the less-expensive deferred and ground packages. The Sandy Springs-based company said Tuesday its net income soared 51% to $2.68 billion from $1.77 billion a year ago. Revenue rose 15% to $23.42 billion from…
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Jun
25
2021
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By Troy Warren
UPS zeroes in on most profitable packages to deliver

UPS zeroes in on most profitable packages to deliver

Business, In The News,
By Kelly Yamanouchi, The Atlanta Journal-Constitution Troy Warren for CNT With more goods being delivered to doorsteps by an increasing number of companies, shipping giant UPS is zeroing in on the most profitable types of deliveries and customers. “UPS operates in a large and growing marketplace,” said CEO Carol Tomé said during an investor presentation Tuesday The company aims to bring in $98 billion to $102 billion in revenue in 2023, up from $84.6 billion last year. Meanwhile, the small package delivery industry worldwide is expected to bring in $600 billion a year by 2023, up from $452 billion in 2020. “Our focus is…
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