UPS Just Inked a Major Deal With the U.S. Postal Service - MSN

In Q4 2023 earnings, UPS reported consolidated revenues of $24.9 billion, down significantly (7.8% roughly) from the $27 billion it brought in at the same time last year.

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UPS Just Inked A Major Deal With The U.S. Postal Service - MSN

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In Q4 2023 earnings, UPS reported consolidated revenues of $24.9 billion, down significantly (7.8% roughly) from the $27 billion it brought in at the same time last year.

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FAQs about UPS Just Inked a Major Deal With the U.S. Postal Service - MSN Coupon?

Does ups have an air cargo contract with USPS?

UPS has received an air cargo contract from the United States Postal Service, significantly expanding on an existing partnership between the two. UPS said Monday, April 1, 2024, that it will become USPS’s primary air cargo provider and move the majority of its air cargo in the U.S. following a transition period. (AP Photo/John Minchillo, File) ...

Does ups work with USPS?

A dynamic duo: You might be surprised to know that UPS has worked together with the United States Postal Service (USPS) for many years – hello, final mile delivery through SurePost, convenient UPS Mail Innovations service and many other successful collaborations. ...

Why is ups partnering with USPS?

Why it matters: Under the new contract, we’ll move a majority of USPS air cargo within the U.S. and flex the capabilities of our UPS end-to-end network. “Together UPS and USPS have developed an innovative solution that is mutually beneficial and complements our unique, reliable and efficient integrated network,” said UPS CEO Carol B. Tomé. ...

Will USPS reshape the landscape of parcel delivery services?

In a strategic move set to reshape the landscape of parcel delivery services in the US, United Parcel Service (UPS) has clinched a pivotal agreement with the United States Postal Service (USPS), becoming its primary air cargo provider. ...

Why did ups buy USPS?

“Together UPS and USPS have developed an innovative solution that is mutually beneficial and complements our unique, reliable and efficient integrated network,” said UPS CEO Carol B. Tomé. The big picture: With this deal, we’re on the way to our goal of growing faster than the market and hitting our financial target. ...

Is ups sweeping up a money-losing business?

While some analysts and investors worry that UPS is sweeping up a money-losing business, the delivery firm said it can profit from the new deal because it has a unified network that lowers costs by reducing the distances postal service shipments travel. ...