UPS today announced second-quarter 2024 consolidated revenues of $21.8 billion, a 1.1% decrease from the second quarter of 2023. Consolidated operating profit was $1.9 billion, down 30.1% compared to the second quarter of 2023, and down 29.3% on an adjusted basis.
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An investigation by Stand.earth Research Group (SRG) released yesterday finds that air freight carriers like FedEx, UPS, and Amazon Air have significantly increased their greenhouse gas (GHG) emissions since 2019.
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UPS has announced it has entered into an agreement to sell its Coyote Logistics business unit to RXO, Inc., for $1.025 billion.
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UPS has announced that Brian Newman, executive vice president and chief financial officer, will leave the company on June 1. UPS will evaluate internal and external CFO candidates to identify Newman’s successor.
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UPS today announced first-quarter 2024 consolidated revenues of $21.7 billion, a 5.3% decrease from the first quarter of 2023.
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