United Parcel Service (UPS) is one of the world's largest courier and local package delivery service provider. Headquartered in Georgia, U.S., the company is also a provider of supply chain management solutions and also operates its own airline and air cargo delivery service based in Louisville, Kentucky.
A short history of UPS
UPS was founded in Seattle, Washington in 1907 bearing the name “American Messenger Company.” The company would later undergo a change of name in 1919 after it expanded its operations outside of Seattle for the first time. UPS Next Day Air Service was launched in 1985 for all 48 states including Puerto Rico and in 1988, UPS Airlines was launched. In 2001, UPS purchased Mail Boxes Etc., Inc and would later rebrand it as “The UPS Store” in 2003. UPS entered the heavy freight business in 2014 with UPS Supply Chain Solutions. The company has since grown to become one of the world’s leading package-delivery-company with 543,000 employees worldwide and revenue of over 84.6 billion U.S. dollars in 2020 alone.
Business segments of UPS
UPS Supply Chain Solutions is currently one of the leading logistics companies in the United States. After acquiring the less-than-truckload company “Overnight Transportation” in 2005, UPS officially renamed it UPS Freight the following year. UPS’ revenue within the supply chain and freight segment amounted to approximately 15.2 billion U.S. dollars in 2020. In that same year, the company’s domestic packages revenue amounted to around 53.5 billion U.S. dollars. Revenue generated from international package delivery stood at around 15.9 billion U.S. dollars.
UPS’s main domestic competitors include the United States Postal Service (USPS) and FedEx Corporation, while some of its international competitors include Canada Post, the Royal Mail, and Deutsche Post.
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