Daily Archives: January 31, 2018

UPS Growth Accelerates In 2017

4Q 2017 Adjusted4Q 2017 4Q 2016 Adjusted4Q 2016 Revenue $11,835 M $10,913 M Operating profit (loss) $627 M $1,264 M $(570) M $1,338 MFor the U.S. 4Q 2017 operating profit was $725 million; 4Q adjusted operating profit increased 7.6% to $760 million, as the result of broad, accelerated growth combined with expanded yields. 4Q 2017 operating profit of $142 million; adjusted operating profit was $270 million. Currency-neutral revenue, revenue per piece and operating profit are calculated by dividin

By | 2018-01-31T23:53:00+00:00 January 31st, 2018|companies|0 Comments

UPS Commits To Purchase 14 Additional 747-8F Freighters And Orders 4 New 767s

The aircraft will be delivered on an expedited schedule, building on the company’s 2016 order of 14 Boeing 747-8 freighters. All 32 of the jets will be delivered by the end of 2022, adding more than 9 million pounds of cargo capacity. “As we celebrate the 30th anniversary of UPS Airlines today, we are seeing unprecedented demand for our air products,” said UPS Airlines President Brendan Canavan. The -8 has a cargo capacity of 307,600 pounds, or approximately 30,000 packages and a range of 4,200

By | 2018-01-31T23:53:00+00:00 January 31st, 2018|companies|0 Comments

UPS Boosts Investments By $12 Billion On Favorable Tax Law Impact

US 02/01/18Atlanta, GAUPS today announced more than $12 billion in investments to expand the company’s Smart Logistics Network, significantly increase pension funding, and position the company to further enhance shareowner value. “This $12 billion investment program is an outgrowth of the opportunity for tax savings created by the Tax and Jobs Act,” said David Abney, UPS Chairman and Chief Executive Officer. The company plans to raise future capital spending above its previously committed six-to

By | 2018-01-31T23:53:00+00:00 January 31st, 2018|companies|0 Comments