United Parcel Service (UPS)

UPS Extends Complex Healthcare Logistics Lead with $48 Million Investment in Temperature-Controlled Freight Cross-Dock FacilitiesJune 22, 2026 10:07 AM
Business WireGlobal cold-chain network investment increases speed, visibility and end-to-end chain of custody for advanced therapies and other temperature-sensitive medicinesUPS (NYSE: UPS), the world’s No. 1 provider of complex healthcare logistics, today announced its $48 million investment in 27 temperature-controlled freight cross-dock facilities around the globe. Located in key U.S. and international markets, including Europe, Asia and the Americas, these facilities are optimized for speed and short-term storage between air and ground movements – all while maintaining specific temperature requirements. The announcement strengthens UPS’s global cold-chain network as demand grows for medicines requiring strict temperature ranges of 2 to 8 degrees Celsius, 15 to 25 degrees Celsius and frozen.Industry demand for temperature-sensitive biologics is projected to expand at an 8.3% compound annual growth rate through 2033, reaching an estimated $39.1 billion, according to Growth Market Reports. Meeting this demand requires cold-chain expertise to maintain product quality and safety from manufacturing to patient.“We have aligned our investments with our Healthcare customers’ specialized needs. Our global cross-dock facilities strengthen our end-to-end cold-chain capabilities to ensure critical treatments are delivered safely and reliably to patients around the world,” said Kate Gutmann, EVP and President of International, Healthcare and Supply Chain Solutions at UPS. “This effort – and all of our work in healthcare logistics – extends from a deep understanding that we’re doing more than moving packages. We are helping patients access the medications and treatments they need.”Single Provider, Total Control: Integrated Freight Cross-Docks Reduce Risk27 temperature-controlled freight cross-docks create seamless movement across transportation modes. All facilities are compliant with IATA CEIV Pharma certification, an industry-recognized standard for pharmaceutical handling and quality.A single integrated network eliminates handoffs between providers, reducing risk and increasing control.Greater accountability and real-time oversight protect high-value, temperature-sensitive therapies from excursion and disruption.24/7/365 control tower proactively monitors shipments, flags risks and enables rapid intervention to keep critical products moving.Rise of Advanced Therapies Accelerates Demand for Precision Cold-Chain SolutionsThe rapidly growing biologics pipeline is increasing complexity across cold-chain logistics. According to PharmaSource, roughly one in three newly approved drugs today is a biologic more than 85% of those requiring temperature-controlled handling.As therapies like cell and gene treatments, mRNA platforms and GLP-1 injectables come to market, healthcare supply chains are becoming more complex and risk-sensitive. Temperature excursions are a key driver of that risk, with cold-chain failures estimated to cost up to $35 billion annually and, according to WHO, contributing to up to 50% of global vaccine waste.“Biologics and personalized treatments are driving better, more targeted care for patients,” said John Bolla, President of UPS Healthcare. “These investments reflect our commitment to continue to align our leading end-to-end supply chain to protect innovative treatments and diagnostics, supporting better patient outcomes.”Acquisition to Advantage: Investments Are Scaling Complex Healthcare LogisticsUPS’s cross-dock expansion builds on a long-term investment in complex healthcare logistics, strengthened through acquisitions including Bomi Group, Frigo Trans and BPL in Europe and Andlauer Healthcare Group in North America. More recently, UPS expanded its Incheon, Korea air hub to support fast-growing pharmaceutical trade flows, as South Korea imported nearly $9.7 billion in pharmaceutical products in 2025, according to Observatory of Economic Complexity data.The result is a more responsive supply chain that keeps high-value, time- and temperature-sensitive healthcare shipments moving seamlessly across air, ocean, ground and final mile. As demand grows, UPS’s integrated network is built to manage this complexity today and scale for what’s ahead.About UPSUPS (NYSE: UPS) is one of the world’s largest companies, with 2025 revenue of $88.7 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 460,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. More information can be found at www.ups.com, about.ups.com and investors.ups.com.About UPS HealthcareUPS Healthcare delivers unparalleled healthcare logistics expertise to its customers around the world. UPS Healthcare has 19.2+ million square feet of cGMP and GDP-compliant healthcare distribution space globally. Services include inventory management, cold chain packaging and shipping, storage and fulfillment of medical devices, and lab and clinical trial logistics. UPS Healthcare's global infrastructure, its UPS® Premier visibility service, its track and trace technology, and its global quality system are well-suited to meet today's complex logistics demands for the pharmaceutical, medical device, and laboratory diagnostic industries. Visit Healthcare.ups.com for more information.Sources: Growth Market Reports; PharmaSource; Westwell Lab; World Health Organization; Observatory of Economic Complexity.View source version on businesswire.com: https://www.businesswire.com/news/home/20260622325874/en/UPS Media Relations
pr@ups.com Original: UPS Extends Complex Healthcare Logistics Lead with $48 Million Investment in Temperature-Controlled Freight Cross-Dock Facilities

From Cart to Cookout: Omaha Steaks and Roadie Power Same-Day Delivery for Father’s DayJune 11, 2026 9:07 AM
Business Wire Omaha Steaks is making last-minute Father’s Day gifting easier with expanded same-day delivery powered by Roadie, a UPS company. As Father’s Day approaches, Omaha Steaks and Roadie are helping customers send premium gifts right on time with expanded same-day delivery capabilities designed for peak gifting demand. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260610322824/en/A Roadie delivery of an Omaha Steaks order Omaha Steaks and Roadie first launched their partnership in May 2025, later expanding it in April 2026 to include same-day delivery. Previously, customers had a single shipping option, but the expanded offering now provides greater flexibility through same-day delivery. The offering rapidly scaled nationwide, reaching all 44 store locations by May 2026. Customers within a 30-mile radius can now receive eligible orders in as little as three hours when orders are placed by 3 p.m. ET – making last-minute Father’s Day gifting faster and more reliable than ever. Roadie’s nationwide delivery network, which includes more than 500,000 independent drivers, provides the flexible capacity needed to support rapid same-day delivery at scale. With the expanded partnership, more than 140 million Americans can now have premium Omaha Steaks delivered the very same day. The platform allows Omaha Steaks to extend delivery reach without additional fixed infrastructure while maintaining speed, visibility, and reliability in the last mile – helping customers get their Omaha Steaks orders faster, simply, and with greater convenience. To help ensure every order arrives in peak condition, Roadie’s delivery network follows cold-chain best practices designed to keep perishable items fresh, cold, and protected throughout transit. Orders are matched with drivers and vehicles equipped to safely transport temperature-sensitive items, with real-time tracking that keeps customers informed at every step from pickup to doorstep so they know exactly when to expect their delivery and can plan with confidence. “‘I need more salad for Father’s Day,’ said no one ever,” said Marc Gorlin, Founder and CEO of Roadie. “As a serious griller myself, there’s no better gift than an Omaha Steaks Steak & Burger Bundle or Bestsellers Collection. And all the better if I can get it delivered fast and have the meal cooked just hours after placing the order. Don't waste time with neckties or aftershave. Send Dad ribeyes same-day, and you'll be the favorite kid on Father's Day.” “I hope my own kids are paying attention,” Gorlin added. “Father’s Day gifting is simple: Dad wants steak,” said Nate Rempe, President and CEO of Omaha Steaks. “With Omaha Steaks and Roadie, customers can turn Dad’s house into his very own steakhouse in as little as three hours with a gift that is premium, thoughtful, and SEAR-iously fast. It is exactly what dads want and deserve on their big day.” Customers can visit https://www.omahasteaks.com/buy/Gifts/Fathers-Day to check availability and place Father’s Day orders nationwide. About Omaha Steaks® Omaha Steaks, America's Original Butcher, founded in 1917, is an Omaha, Nebraska-based, fifth-generation, family-owned company. Omaha Steaks markets and distributes a wide variety of the finest quality USDA-approved, grass-fed, grain-finished beef and other gourmet foods including seafood, pork, poultry, slow cooker and skillet meals, side dishes, appetizers, and desserts. Today, Omaha Steaks is recognized as the nation's largest direct response marketer of premium beef and gourmet foods, available to customers by calling 1-800-228-9055, online at www.OmahaSteaks.com or at retail stores nationwide. About Roadie Roadie, a UPS company, is a leading logistics and delivery platform that helps businesses tackle the complexities of modern retail with unmatched delivery coverage, flexibility and visibility. Reaching 98% of U.S. households across more than 32,000 zip codes — from urban hubs to rural communities — Roadie provides seamless, scalable solutions that meet a variety of delivery needs. With a network of more than 500,000 independent drivers nationwide, Roadie offers flexible delivery solutions that make complex logistics challenges easy, including solutions for local same-day delivery, delivery of big and bulky items, ship-from-store and DC-to-door. For more information, visit www.roadie.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260610322824/en/ Roadie: Jessica Nelson

UPS Invests $50 Million to Transform Logistics for North American Automotive and Industrial Manufacturers, Launches Air Freight Expansion in MexicoMay 29, 2026 6:00 AM
Business Wire Strong cross-border capabilities and fast transit times support production-critical supply chains throughout North America UPS (NYSE: UPS) today announced it has invested nearly $50 million in network capabilities and dedicated industry teams to help automotive and industrial manufacturers operate with greater resilience and precision. As supply chains face ongoing pressure from automation, geopolitical shifts and evolving regulatory demands, UPS is uniquely positioned to help customers navigate complexity through its end-to-end global network, advanced technology and deep industry expertise. Building on this, UPS announced the expansion of its North American Air Freight (NAAF) capabilities – introducing time-definite heavy air freight service to and from Mexico for the first time and extending coverage across North America to better support production-critical supply chains. Unlike fragmented, multi-carrier models, UPS integrates transportation, brokerage and warehousing into a single solution, reducing handoffs and simplifying cross-border shipping. “Our automotive and industrial customers want an easy button for logistics,” said Matt Guffey, UPS chief commercial and strategy officer. “They need reliability, visibility and a partner that understands their supply chains – end to end, today and tomorrow. We have made strategic investments to build the team and the network that meets their needs unlike any other in the industry.” Beginning in August, NAAF will offer 1-, 2- and 3-day service options to and from Mexico that help manufacturers move high-value, time-sensitive parts with greater speed and predictability. For UPS customers, this means fewer delays at the border, improved visibility from origin to destination and greater confidence in keeping production lines running. A Network Built to Serve Automotive and Industrial Manufacturers In recent years, UPS has modernized its network to improve reliability, visibility and speed — delivering measurable results for every customer, including automotive and industrial manufacturers: Competitive value for less-than-truckload shipments with UPS Ground with Freight Pricing for shipments over 150 lbs., ideal for automotive and industrial shippers seeking small-package reliability. Expanded early delivery reach with UPS delivering to more U.S. businesses next day by 10:30 a.m. than other major carriers, a critical advantage for tight production schedules. Enhanced visibility and control through automation across 67.5% of UPS facilities and RFID sensing technology embedded throughout UPS’s network. On-demand, after-hours delivery via Roadie, a UPS Company, enabling parts to be delivered same-day to dealerships and repair shops securely without requiring staff on-site. David MacNeil, chief executive officer of WeatherTech, weighed in on his company’s experience working with UPS to ship automotive accessories: “When we know what to expect from shipping, it helps us plan with confidence. That clarity allows us to stay focused on delivering a great experience for our customers.” Dedicated Industry Teams Serving Automotive and Industrial Customers Complementing its end-to-end network, UPS has established a dedicated team of more than 300 subject matter experts with deep automotive and industrial manufacturing expertise – supported by thousands of UPSers across the network who are ready to serve and deliver. This combination of network investment and expertise comes at a critical time, as supply chain performance has become a defining factor in speed to market, cost control and long-term competitiveness for manufacturers around the world. Industrial and automotive companies face pressure to modernize and manage complex global supply chains. UPS is investing to help them move faster, gain control and operate with confidence — delivering industry-specific solutions at competitive pricing that simplify operations, improve visibility and keep supply chains running. About UPS UPS (NYSE: UPS) is one of the world’s largest companies, with 2025 revenue of $88.7 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 460,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. More information can be found at www.ups.com, about.ups.com and investors.ups.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260529553735/en/ UPS Media Relations
pr@ups.com Original: UPS Invests $50 Million to Transform Logistics for North American Automotive and Industrial Manufacturers, Launches Air Freight Expansion in Mexico

UPS Announces Quarterly DividendMay 6, 2026 4:49 PM
Business Wire UPS (NYSE: UPS) today announced its regular quarterly dividend of $1.64 per share on all outstanding Class A and Class B shares. The dividend is payable June 4, 2026, to shareowners of record on May 18, 2026. Commitment to the dividend is one of UPS’s core principles and a hallmark of the company’s financial strength. UPS has either maintained or increased its dividend each year since going public in 1999. About UPS UPS (NYSE: UPS) is one of the world’s largest companies, with 2025 revenue of $88.7 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 460,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. More information can be found at www.ups.com, about.ups.com and investors.ups.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506912158/en/ UPS Media Relations
404-828-7123

Amazon Expands Logistics Offering to External Shippers; Transport Stocks SlideMay 5, 2026 6:31 AM
IH Market News Amazon.com Inc. (NASDAQ:AMZN) has rolled out its Amazon Supply Chain Services platform, opening up its logistics infrastructure to third-party shippers beyond its traditional marketplace sellers. Analysts at Stifel described the subsequent market reaction as excessive.The new service integrates Amazon’s freight network—including trailers, intermodal containers and air cargo capacity—with its fulfillment centers, distribution hubs and last-mile delivery operations. This broader access allows companies of all sizes to tap into a system that was previously limited to Fulfillment by Amazon and Multi-Channel Fulfillment users. Sharp Sell-Off Across Transport Sector The announcement triggered a significant decline in transportation stocks on Monday. C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) and RXO Inc. (NYSE:RXO) each fell close to 10%, while GXO Logistics Inc. (NYSE:GXO) dropped 18%, marking its steepest single-day loss since listing.Forward Air Corporation (NASDAQ:FWRD) declined 24%, while parcel delivery giants FedEx Corporation (NYSE:FDX) and United Parcel Service Inc. (NYSE:UPS) fell 9% and 10.5%, respectively. Analysts See Limited Structural Change According to Stifel, the launch enhances Amazon’s commercial offering but does not represent a fundamental shift in its capabilities. The company has been providing logistics solutions to external clients for more than a decade, starting with truck brokerage and gradually expanding into air freight, trucking and less-than-truckload services.The analysts argue that Amazon’s strategy is focused on improving utilisation of its internal capacity rather than directly competing with independent logistics providers offering higher service levels. The platform is aimed primarily at cost-sensitive customers, similar to how other large shippers monetise excess capacity. Early Industry Feedback Stifel’s channel checks suggest Amazon remains largely absent from most competitive tenders. Initial feedback indicates that companies such as Procter & Gamble Co., 3M Company, Lands’ End Inc. and American Eagle Outfitters Inc. are primarily allocating lower-value freight or inventory tied to Amazon-related sales channels to the platform. Outlook for Transport Stocks Despite the sharp sell-off, Stifel maintained Buy ratings on FedEx Corporation, United Parcel Service Inc., Forward Air Corporation and GXO Logistics Inc., pointing to early signs of cyclical recovery and improving supply-demand balance in the transportation sector.Amazon stock priceCH Robinson Worldwide stock priceRXO stock priceGXO Logistics stock priceForward Air stock priceFedEx stock priceUnited Parcel Service stock price Original: Amazon Expands Logistics Offering to External Shippers; Transport Stocks Slide

U.S.-Iran Ceasefire Under Pressure; AMD Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street FuturesMay 5, 2026 5:47 AM
IH Market News Futures tied to major U.S. indices edged higher on Tuesday, pointing to a potential rebound after the previous session was hit by renewed tensions around the Strait of Hormuz. Investor sentiment had been shaken by fresh attacks, as uncertainty persists over the stability of the fragile ceasefire between the U.S. and Iran.Washington continues efforts to reopen the strategically vital shipping route, while markets also turn attention to upcoming corporate results, including chipmaker Advanced Micro Devices Inc. (NASDAQ:AMD), which is set to report after the close. Meanwhile, Apple Inc. (NASDAQ:AAPL) is reportedly exploring ways to diversify its semiconductor supply chain. Futures Signal Market Recovery As of 03:34 ET, Dow futures were up 131 points, or 0.3%, while S&P 500 futures gained 19 points, also 0.3%. Nasdaq 100 futures rose 112 points, or 0.4%.Wall Street had declined in the prior session, weighed down by escalating hostilities in the Gulf region. Oil prices surged back above $110 per barrel, as the U.S. intensified efforts to reopen the largely blocked Strait of Hormuz.Energy stocks benefited from the rise in crude prices, but transport names came under pressure. FedEx Corporation (NYSE:FDX) and United Parcel Service Inc. (NYSE:UPS) both dropped after Amazon.com Inc. (NASDAQ:AMZN) unveiled a new service expected to heighten competition in the delivery sector. Escalation Raises Concerns Over Ceasefire Fresh attacks were reported on Monday, with Tehran responding to U.S. President Donald Trump’s push to reopen shipping lanes through the Strait of Hormuz, a route responsible for roughly 20% of global oil flows.Several merchant vessels in the Gulf reported fires or explosions. The U.S. said it had successfully escorted two American-flagged ships through the strait while repelling attacks from Iranian drones and small armed boats.The situation also appeared to widen across the Middle East. In the United Arab Emirates, air defence systems intercepted missiles and drones launched from Iran, while an oil terminal in Fujairah was targeted.Trump has offered limited details about the plan to reopen the waterway, referred to as “Project Freedom,” while Iran’s foreign minister warned that the U.S. risks becoming entangled in a “quagmire.” Oil Prices Remain Elevated For much of the conflict, which has now lasted more than two months, tanker traffic through the Strait of Hormuz has been heavily restricted due to the threat of Iranian strikes. This has pushed oil prices higher and raised concerns about inflation and global economic growth.However, some signs suggest the U.S. effort to escort vessels may be easing pressure in the region. Shipping group A.P. Moller-Maersk A/S indicated that a U.S.-flagged vehicle carrier operated by one of its subsidiaries successfully exited the Gulf with military support.Brent crude slipped 0.8% to $113.56 per barrel but remains significantly above pre-conflict levels. AMD Earnings in Spotlight Investors are closely watching results from Advanced Micro Devices, which will report after markets close. The update is expected to provide insight into the company’s efforts to compete with AI chip leader Nvidia.Earlier this year, AMD forecast first-quarter revenue of around $9.8 billion, plus or minus $300 million, down slightly from $10.27 billion in the previous quarter. The cautious outlook came despite improved sales to China, highlighting ongoing competitive pressures.Elsewhere, Palantir Technologies Inc. (NASDAQ:PLTR) exceeded quarterly expectations and raised its revenue forecast. However, its shares fell in extended trading after finance chief David Glazer indicated that costs are expected to rise in 2026.Overall, the earnings season has offered some reassurance to investors unsettled by geopolitical risks, with strong results from AI-focused companies. Firms in the S&P 500 are projected to deliver combined profit growth of around 28% year-on-year for the first quarter, significantly above early expectations. Apple Explores Chip Supply Options Apple Inc. (NASDAQ:AAPL) has reportedly held preliminary discussions with Intel Corporation (NASDAQ:INTC) and Samsung Electronics Co. Ltd. (USOTC:SSHNZ) about producing processors for its devices, according to Bloomberg.The talks reflect Apple’s effort to reduce reliance on long-time partner Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), which currently produces its custom chips.Discussions remain at an early stage, with no final decisions taken, but any shift would mark a notable change in Apple’s supply chain strategy.Advanced Micro Devices stock priceApple stock priceFedEx stock priceUnited Parcel Service stock priceAmazon stock pricePalantir Technologies stock priceIntel stock priceSamsung stock priceTaiwan Semiconductor stock price Original: U.S.-Iran Ceasefire Under Pressure; AMD Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures

UPS maintains full-year outlook after Q1 earnings beat, shares edge lowerApril 28, 2026 6:29 AM
IH Market News
UPS (NYSE:UPS) reported first-quarter results that exceeded expectations and reiterated its full-year guidance, though its shares slipped around 2% in premarket trading.The delivery group posted earnings per share of $1.07, ahead of the $1.03 consensus estimate. Revenue reached $21.2 billion, surpassing forecasts of $20.97 billion.Adjusted consolidated operating profit for the quarter totaled $1.32 billion.“The first quarter of 2026 marked a critical transition period for UPS in which we needed to flawlessly execute several major strategic actions and we delivered,” said Carol Tomé, chief executive officer.“With that behind us, we expect to return to consolidated revenue and operating profit growth, and adjusted operating margin expansion in the second quarter of this year.”For the full year, UPS kept its revenue outlook unchanged at $89.6 billion and reaffirmed an adjusted operating margin of about 9.6%.The company also maintained its capital expenditure projection at roughly $3.0 billion and expects to distribute approximately $5.4 billion in dividends, subject to board approval. The effective tax rate is still projected at around 23%.United Parcel Service stock price

Original: UPS maintains full-year outlook after Q1 earnings beat, shares edge lower

UPS and Happy Returns Cement Position as Largest Box-Free, Label-Free Return Network with Expansion to 10,000 U.S. LocationsApril 21, 2026 12:00 PM
Business Wire
Partnerships with Annex Brands and PackageHub Business Centers® add 1,700 new Return Bar® locations, giving consumers more access to hassle-free returns for an immediate refund


UPS (NYSE: UPS) and Happy Returns today announced a significant expansion of the Return Bar® network, reaching a new milestone of 10,000 drop-off locations nationwide. This growth adds more than 1,700 locations, primarily through new partnerships with Annex Brands and PackageHub Business Centers®, and removes friction across the e-commerce experience for retailers and consumers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260421965642/en/
Building on a strong foundation of trusted partners including The UPS Store®, Staples and Ulta Beauty, this expansion through UPS Authorized Shipping Outlets (ASOs) reinforces Happy Returns’ position as the largest consolidated return network in the U.S., now more than three times the size of the next-largest alternative. As businesses of all sizes tackle increasing returns volume, UPS and Happy Returns operate the only end-to-end reverse logistics network that supports the full lifecycle of e-commerce orders – from delivery through return or exchange.


"We are putting our customers – and their consumers – at the center of our reverse logistics business," said Matt Guffey, Executive Vice President, Chief Commercial and Strategy Officer at UPS. "We are simplifying the end-to-end e-commerce journey, and when it comes to returns or exchanges, UPS and Happy Returns have a network that is unmatched.”


Making returns easy and convenient


Shoppers can find Return Bar® locations in stores they visit for everyday shipping and errands, making returns a simple part of their regular routine.


With the addition of the new locations, 79% of the U.S. population now lives within five miles of a Return Bar®, up from 76% previously. Additionally, more than a quarter of Americans now live within one mile of a convenient drop-off location.


“Our goal is to make returns seamless,” said David Sobie, co-founder and CEO of Happy Returns. “Our Return Bar® network is now more than three times the size of the next closest option, significantly expanding access to box-free, label-free returns with immediate refunds. This growth allows us to deliver unmatched convenience to online shoppers across the country.”


Security and speed across every return


Return Bar® locations deliver a consistent, reliable experience for both shoppers and retailers, combining fraud prevention with an optimized end-to-end logistics process.


Millions of shoppers bring their items to Return Bar® locations without packaging or printing a label. At drop off, store associates scan the item barcode to verify the return and issue an immediate refund. In the background, AI-powered Return Vision™ applies behavioral risk scoring to help flag and audit potentially risky returns early, safeguarding against return fraud.


Utilizing the full power of UPS’s integrated, end-to-end network — including RFID technology at The UPS Store® — returns now move from shopper drop-off back to retailers in as little as 3.6 days, with an average return transit time of seven days across all customers.


Now with 10,000 locations nationwide, Happy Returns’ Return Bar® network is the most comprehensive return network, delivering the convenience, fraud prevention and speed needed to manage returns at scale.


About UPS


UPS (NYSE: UPS) is one of the world’s largest companies, with 2025 revenue of $88.7 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 460,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. More information can be found at www.ups.com, about.ups.com and investors.ups.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421965642/en/
UPS Media Relations

pr@ups.com


Original: UPS and Happy Returns Cement Position as Largest Box-Free, Label-Free Return Network with Expansion to 10,000 U.S. Locations

UPS To Release First-Quarter 2026 Results On Tuesday, April 28, 2026April 14, 2026 4:15 PM
Business Wire
United Parcel Service (NYSE:UPS) will announce its 2026 first-quarter results on April 28, 2026, at approximately 6:00 a.m. Eastern Time.


At 8:30 a.m. ET, UPS Chief Executive Officer Carol Tomé and Chief Financial Officer Brian Dykes will lead an investor conference call to discuss the results. This call will be open to the public via a live webcast.


To listen, visit the UPS Investor Relations page and click on “Webcast.” The webcast audio will be accessible on the Investor Relations website for a limited time following the call.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414979294/en/
UPS Public Relations

404-828-7123

pr@ups.com


Original: UPS To Release First-Quarter 2026 Results On Tuesday, April 28, 2026

UPS launches $100 million logistics hub in Taiwan to support growing tech demandMarch 25, 2026 6:48 AM
IH Market News
United Parcel Service (NYSE:UPS) has inaugurated a new $100 million logistics center in Taiwan, its largest facility in the Asia-Pacific region, as demand linked to the technology sector continues to expand.The new hub is located in Taoyuan in northern Taiwan, close to the island’s main international airport. Applied Materials (NASDAQ:AMAT), the largest U.S. producer of semiconductor manufacturing equipment, will use the facility as a distribution hub for its operations across Asia.Lauren Zhao, president of UPS Asia Pacific Supply Chain Solutions and Freight Forwarding, said that about 80% of the freight handled at the site is tied to high-technology products. She added that Taiwan’s semiconductor sector is the most advanced globally, with the island leading many of the manufacturing processes used in the industry.UPS currently runs its Taiwan operations through Taoyuan International Airport. Sam Hung, the company’s managing director for Japan, South Korea and Taiwan, said the group is evaluating the possibility of adding flights to Kaohsiung in southern Taiwan, depending on future customer demand.Taiwan is home to TSMC (NYSE:TSM), the world’s largest contract chip manufacturer and a key supplier of advanced semiconductors used in artificial intelligence technologies. Kaohsiung is also where TSMC is constructing a major new plant as part of a growing semiconductor manufacturing cluster in southern Taiwan.

Original: UPS launches $100 million logistics hub in Taiwan to support growing tech demand

Logistics stocks rise after pause in Iran military strikesMarch 23, 2026 10:40 AM
IH Market News
Shares of logistics companies moved higher on Tuesday after President Donald Trump announced a five-day delay to further military strikes targeting Iranian power plants and energy infrastructure.GXO Logistics (NYSE:GXO) gained 2.25%, leading the sector’s advance. FedEx (NYSE:FDX) rose 1.71%, UPS (NYSE:UPS) added 0.93%, and Kirby (NYSE:KEX) edged up 0.30%.Trump said the pause followed “productive” discussions between Washington and Tehran. However, Iran’s Fars news agency disputed that characterization, citing a source who said there had been no direct or indirect communications with the United States.According to Fars, Trump stepped back from plans to target Iranian power plants after Tehran warned it would retaliate by striking power infrastructure across West Asia.The temporary easing of tensions in the Middle East offered relief to logistics and transportation companies, which are often exposed to operational risks when instability threatens key shipping routes and global supply chains.FedEx stock priceUnited Parcel Service stock priceKirby Corporation stock priceGXO Logistics stock price

Original: Logistics stocks rise after pause in Iran military strikes

Semiconductor Shares Poised to Drive Early Gains on Wall Street: Dow Jones, S&P, Nasdaq, FuturesJanuary 28, 2026 2:20 PM
IH Market News
U.S. equity futures pointed to a firmer open on Wednesday, setting the stage for stocks to build on gains from the previous two sessions, with semiconductor names once again expected to lead the advance.Chip-related stocks were among the strongest performers on Tuesday, and that momentum looked set to continue in early trading. U.S.-listed shares of ASML (NASDAQ:ASML) jumped about 5% in premarket action after the Dutch semiconductor equipment group delivered strong fourth-quarter results and issued upbeat guidance for 2026.Elsewhere in the sector, South Korea’s SK Hynix surged in overseas trading after the memory chipmaker reported better-than-expected fourth-quarter earnings and posted a record full-year profit for 2025.Sentiment also received a boost from a Reuters report indicating that China has approved purchases of Nvidia’s (NASDAQ:NVDA) H200 artificial intelligence chips by some of the country’s largest technology groups. Nvidia shares rose around 1.6% in premarket trading. Citing four people familiar with the matter, Reuters said Alibaba (NYSE:BABA), ByteDance and Tencent have been cleared to buy more than 400,000 H200 chips in total.Overall trading volumes may remain relatively light, however, as investors look ahead to the Federal Reserve’s monetary policy decision later in the day. While the central bank is widely expected to keep interest rates unchanged, markets will be watching the voting breakdown and accompanying statement for clues on the future path of rates.Attention will also turn to earnings after the closing bell, with tech heavyweights Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META) and Tesla (NASDAQ:TSLA) all due to report quarterly results.On Tuesday, the major U.S. indexes finished mixed. The Nasdaq and the S&P 500 pushed higher, while the Dow Jones Industrial Average retreated sharply. The Nasdaq climbed 215.74 points, or 0.9%, to a near three-month closing high of 23,817.10, and the S&P 500 added 28.37 points, or 0.4%, to end at a record 6,978.60. In contrast, the Dow fell 408.99 points, or 0.8%, to close at 49,003.41, despite recovering from deeper losses earlier in the session.Strength in the broader market reflected optimism ahead of earnings from major technology companies, including Microsoft, Apple (AAPL) and Meta Platforms. Microsoft shares rose 2.2%, Apple gained 1.1%, and Meta edged modestly higher.Positive sentiment was also supported by upbeat results from companies such as General Motors (NYSE:GM) and UPS (NYSE:UPS). On the downside, the Dow was weighed down by a sharp sell-off in UnitedHealth (NYSE:UNH), whose shares plunged 19.6% after the insurer issued disappointing revenue guidance despite posting slightly better-than-expected fourth-quarter earnings. A Trump administration proposal calling for near-flat rates for Medicare Advantage insurers also pressured the sector.In economic data, the Conference Board reported an unexpectedly steep drop in U.S. consumer confidence in January. Its consumer confidence index fell to 84.5 from an upwardly revised 94.2 in December, confounding expectations for a rise to 90.0 and marking the lowest reading since May 2014.Sector-wise, semiconductor stocks posted a strong rally, with the Philadelphia Semiconductor Index surging 2.4% to a new record closing high. Computer hardware and networking stocks also advanced, helping lift the tech-heavy Nasdaq. Outside of technology, oil service stocks rose sharply alongside crude prices, pushing the Philadelphia Oil Service Index up 2.0%. By contrast, healthcare, airline and housing stocks came under notable selling pressure.ASML Holding stock priceNvidia stock priceMicrosoft stock priceMeta stock priceTesla stock priceUnited Parcel Service stock priceUnitedHealth Group stock price

Original: Semiconductor Shares Poised to Drive Early Gains on Wall Street: Dow Jones, S&P, Nasdaq, Futures

Futures rise on tech earnings optimism despite UnitedHealth plunge ahead of Fed decision — Dow Jones, S&P 500 and NasdaqJanuary 27, 2026 2:11 PM
IH Market News
Dow Jones, S&P 500 and Nasdaq futures are currently pointing to a higher open on Tuesday, with stocks likely to see further upside following the strength seen in the previous session.Tech stocks may help to lead an early advance on Wall Street, as reflected by the 0.6 percent increase by the tech-heavy Nasdaq 100 futures.Traders remain optimistic ahead of the release of earnings news from big-name tech companies like Apple (NASDAQ:AAPL), Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT).Shares of Apple are jumping by 1.6 percent in pre-market trading after surging by 3.0 percent on Monday, while Meta and Microsoft may also see further upside after moving notably higher in the previous session.Positive sentiment may also be generated in reaction to upbeat earnings news from big-name companies like General Motors (NYSE:GM) and UPS (NYSE:UPS).On the other hand, a slump by shares of UnitedHealth (NYSE:UNH) is likely to weigh on the Dow, with the health insurance giant plunging by 15.7 percent in pre-market trading.The steep drop by UnitedHealth comes after the company reported slightly better than expected fourth quarter earnings but provided disappointing revenue guidance.A Trump administration proposal calling for nearly flat rates for Medicare Advantage insurers is also likely to weigh on insurance stocks.Following the mixed performance seen during last Friday’s session, stocks moved mostly higher during trading on Monday. With the upward move, the major averages further offset the steep drop seen last Tuesday.The major averages moved to the downside going into the end of the day but remained in positive territory. The Dow advanced 313.69 points or 0.6 percent to 49,412.40, the Nasdaq rose 100.11 points or 0.4 percent to 23,601.36 and the S&P 500 climbed 34.62 points or 0.5 percent to 6,950.23.The strength on Wall Street came amid strong gains by Apple, Meta Platforms and Microsoft, which moved higher ahead of the release of their quarterly results later this week.Shares of Apple surged by 3.0 percent, shares of Meta jumped by 2.1 percent and shares of Microsoft advanced by 0.9 percent.However, traders seemed reluctant to make more significant moves ahead of the Federal Reserve’s monetary policy announcement on Wednesday.While the Fed is widely expected to leave interest rates unchanged, traders will pay close attention to the accompanying statement for clues about the outlook for rates.Traders also kept an eye on the latest geopolitical developments, with President Donald Trump threatening to impose a 100 percent tariff on goods from Canada over a potential free trade deal with China.Canadian Prime Minister Mark Carney responded by saying his country has no intention of pursuing such a deal.The U.S. government is also facing the possibility of another shutdown, as several Democratic senators have threatened to oppose a spending bill if it includes appropriations for the Department of Homeland Security.The impasse over DHS funding comes after federal immigration agents shot and killed another U.S. citizen in Minneapolis over the weekend.In U.S. economic news, a report released by the Commerce Department showed new orders for U.S. manufactured durable goods surged by much more than expected in the month of November.Networking stocks turned in some of the market’s best performances on the day, with the NYSE Arca Networking Index jumping by 2.0 percent.Notable strength was also visible among software stocks, as reflected by the 1.1 percent gain posted by the Dow Jones U.S. Software Index (DOWI:DJUSSW).On the other hand, steel stocks showed a significant move to the downside, dragging the NYSE Arca Steel index down by 2.2 percent.Airline stocks also saw considerable weakness on the day, resulting in a 1.5 percent loss by the NYSE Arca Airline Index.

Original: Futures rise on tech earnings optimism despite UnitedHealth plunge ahead of Fed decision — Dow Jones, S&P 500 and Nasdaq

UPS Releases 4Q 2025 Earnings and Provides 2026 GuidanceJanuary 27, 2026 11:00 AM
Business Wire

Consolidated Revenues of $24.5B



Consolidated Operating Margin of 10.5%; Non-GAAP Adjusted* Consolidated Operating Margin of 11.8%



Diluted EPS of $2.10; Non-GAAP Adj. Diluted EPS of $2.38



Declares a Quarterly Dividend of $1.64



UPS (NYSE:UPS) today announced fourth-quarter 2025 consolidated revenues of $24.5 billion. Consolidated operating profit was $2.6 billion; non-GAAP adjusted consolidated operating profit was $2.9 billion. Diluted earnings per share were $2.10 for the quarter; non-GAAP adjusted diluted earnings per share were $2.38.


For the fourth quarter of 2025, GAAP results include total charges of $238 million, or $0.28 per diluted share, comprised of a non-cash, after-tax charge of $137 million due to a write-off of the company’s MD-11 aircraft fleet and after-tax transformation charges of $101 million.


Regarding the MD-11 aircraft, UPS accelerated its fleet modernization plans, completing the retirement of its MD-11 fleet during the fourth quarter of 2025.


“I want to thank UPSers across the globe for their tireless commitment to serving our customers as we delivered best-in-class service during peak for the eighth year in a row and outperformed our financial expectations in the fourth quarter,” said Carol Tomé, UPS chief executive officer. “2025 was a year of considerable progress for UPS as we took action to strengthen our revenue quality and build a more agile network. Looking ahead, upon completion of the Amazon glide-down, 2026 will be an inflection point in the execution of our strategy to deliver growth and sustained margin expansion."


U.S. Domestic Segment




 






 




4Q 2025






Non-GAAP




Adjusted




4Q 2025






 




4Q 2024






Non-GAAP




Adjusted




4Q 2024








Revenue






$16,756 M






 






$17,312 M






 








Operating profit






$1,428 M






$1,706 M






$1,681 M






$1,754 M








Revenue declined 3.2%, primarily driven by an expected decline in volume. Revenue per piece grew by 8.3%.



Operating margin was 8.5%; non-GAAP adjusted operating margin was 10.2%.



International Segment




 






 




4Q 2025






Non-GAAP




Adjusted




4Q 2025






 




4Q 2024






Non-GAAP




Adjusted




4Q 2024








Revenue






$5,045 M






 






$4,923 M






 








Operating profit






$884 M






$908 M






$1,019 M






$1,062 M








Revenue increased 2.5%, driven by a 7.1% increase in revenue per piece.



Operating margin was 17.5%; non-GAAP adjusted operating margin was 18.0%.



Supply Chain Solutions1




 






 




4Q 2025






Non-GAAP




Adjusted




4Q 2025






 




4Q 2024






Non-GAAP




Adjusted




4Q 2024








Revenue






$2,678 M






 






$3,066 M






 








Operating profit






$263 M






$276 M






$226 M






$284 M








¹ Consists of operating segments that do not meet the criteria of a reportable segment under ASC Topic 280 – Segment Reporting.








Revenue declined 12.7%, primarily due to a decline in volume in the Mail Innovations business.



Operating margin was 9.8%; non-GAAP adjusted operating margin was 10.3%.



Full-Year 2025 Consolidated Results



Revenue was $88.7 billion.



Operating profit was $7.9 billion; non-GAAP adjusted operating profit was $8.7 billion.



Operating margin was 8.9%; non-GAAP adjusted operating margin was 9.8%.



Diluted EPS totaled $6.56; non-GAAP adjusted diluted EPS of $7.16.



Cash from operations was $8.5 billion and non-GAAP adjusted free cash flow was $5.5 billion.



In addition, the company returned $6.4 billion of cash to shareowners through dividends and share repurchases.


Dividend Declaration


The UPS Board of Directors has approved a first-quarter 2026 dividend of $1.64 per share on all outstanding Class A and Class B shares. The dividend is payable March 5, 2026, to shareowners of record on February 17, 2026.


2026 Outlook


The company provides certain guidance on a non-GAAP adjusted basis because it is not possible to predict or provide a reconciliation reflecting the impact of various potential future events, including the impact of pension adjustments, certain strategic initiatives or other unanticipated events, which would be included in reported (GAAP) results and could be material.


For the full year 2026, on a consolidated basis, UPS expects revenue to be approximately $89.7 billion and non-GAAP adjusted operating margin to be approximately 9.6%.


The company is planning capital expenditures of about $3.0 billion and dividend payments of around $5.4 billion, subject to board approval. The effective tax rate is expected to be approximately 23.0%.




* “Non-GAAP Adjusted” or “Non-GAAP Adj.” amounts are non-GAAP adjusted financial measures. See the appendix to this release for a discussion of non-GAAP adjusted financial measures, including a reconciliation to the most closely correlated GAAP measure.







Conference Call Information


UPS CEO Carol Tomé and CFO Brian Dykes will discuss fourth-quarter results with investors and analysts during a conference call at 8:30 a.m. ET, January 27, 2026. That call will be open to others through a live Webcast. To access the call, go to the UPS Investor Relations page and click on “Earnings Conference Call.” Additional financial information is included in the detailed financial schedules being posted on www.investors.ups.com under “Quarterly Earnings and Financials” and as furnished to the SEC as an exhibit to our Current Report on Form 8-K.


About UPS


UPS (NYSE: UPS) is one of the world’s largest companies, with 2024 revenue of $91.1 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 490,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. More information can be found at www.ups.com, about.ups.com and www.investors.ups.com.


Forward-Looking Statements


This release, our Annual Report on Form 10-K for the year ended December 31, 2024 and our other filings with the Securities and Exchange Commission contain and in the future may contain “forward-looking statements”. Statements other than those of current or historical fact, and all statements accompanied by terms such as “will,” “believe,” “project,” “expect,” “estimate,” “assume,” “intend,” “anticipate,” “target,” “plan,” and similar terms, are intended to be forward-looking statements.


From time to time, we also include written or oral forward-looking statements in other publicly disclosed materials. Forward-looking statements may relate to our intent, belief, forecasts of, or current expectations about our strategic direction, prospects, future results, or future events; they do not relate strictly to historical or current facts. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any forward-looking statements because such statements speak only as of the date when made and the future, by its very nature, cannot be predicted with certainty.


Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or anticipated results. These risks and uncertainties include, but are not limited to: changes in general economic conditions in the U.S. or internationally, including as a result of changes in the global trade policy, new or increased tariffs or government shutdowns; significant competition on a local, regional, national and international basis; changes in our relationships with our significant customers; our ability to attract and retain qualified employees; strikes, work stoppages or slowdowns by our employees; increased or more complex physical or operational security requirements; a significant cybersecurity incident, or increased data protection regulations; our ability to maintain our brand image and corporate reputation; impacts from global climate change; interruptions in or impacts on our business from natural or man-made events or disasters including terrorist attacks, epidemics or pandemics; exposure to changing economic, political, regulatory and social developments in international and emerging markets; our ability to realize the anticipated benefits from acquisitions, dispositions, joint ventures or strategic alliances; the effects of changing prices of energy, including gasoline, diesel, jet fuel, other fuels and interruptions in supplies of these commodities; changes in exchange rates or interest rates; our ability to accurately forecast our future capital investment needs; increases in our expenses or funding obligations relating to employee health, retiree health and/or pension benefits; our ability to manage insurance and claims expenses; changes in business strategy, government regulations or economic or market conditions that may result in impairments of our assets; potential additional U.S. or international tax liabilities; increasingly stringent regulations related to climate change; potential claims or litigation related to labor and employment, personal injury, property damage, business practices, environmental liability and other matters; and other risks discussed in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2024, and subsequently filed reports. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of predictions contained in such forward-looking statements. We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements, except as required by law.


The Company routinely posts important information, including news releases, announcements, materials provided or displayed at analyst or investor conferences, and other statements about its business and results of operations, that may be deemed material to investors on the Company’s Investors Relations website at www.investors.ups.com. The Company uses its website as a means of disclosing material, nonpublic information and for complying with the Company’s disclosure obligations under Regulation FD. Investors should monitor the Company’s Investor Relations website in addition to following the Company’s press releases, filings with the SEC, public conference calls and webcasts. We do not incorporate the contents of any website into this or any other report we file with the SEC.


Reconciliation of GAAP and Non-GAAP Adjusted Financial Measures


We supplement the reporting of our financial information determined under generally accepted accounting principles ("GAAP") with certain non-GAAP adjusted financial measures. Management views and evaluates business performance on both a GAAP basis and by excluding costs and benefits associated with these non-GAAP adjusted financial measures. As a result, we believe the presentation of these non-GAAP adjusted financial measures better enables users of our financial information to view and evaluate underlying business performance from the same perspective as management.


Non-GAAP adjusted financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Our non-GAAP adjusted financial measures do not represent a comprehensive basis of accounting and therefore may not be comparable to similarly titled measures reported by other companies.


Forward-Looking Non-GAAP Adjusted Financial Measures


From time to time when presenting forward-looking non-GAAP adjusted financial measures, we are unable to provide quantitative reconciliations to the most closely correlated GAAP measure due to the uncertainty in the timing, amount or nature of any adjustments, which could be material in any period.


Transformation Strategy Costs


We exclude the impact of charges related to activities within our transformation strategy. Our transformation strategy activities have spanned several years and are designed to fundamentally change the spans and layers of our organization structure, processes, technologies and the composition of our business portfolio. Our transformation strategy includes initiatives within our Transformation 2.0, Fit to Serve and Network Reconfiguration and Efficiency Reimagined programs.


Various circumstances precipitated these initiatives, including identification and prioritization of certain investments, developments and changes in competitive landscapes, inflationary pressures, consumer behaviors, and other factors including post-COVID normalization and volume diversions attributed to our 2023 labor negotiations.


Our transformation strategy includes the following programs and initiatives:


Transformation 2.0: We identified opportunities to reduce spans and layers of management, began a review of our business portfolio and identified opportunities to invest in certain technologies, including financial reporting and certain schedule, time and pay systems, to reduce global indirect operating costs, provide better visibility, and reduce reliance on legacy systems and coding languages. Costs associated with Transformation 2.0 consisted of compensation and benefit costs related to reductions in our workforce and fees paid to third-party consultants. The Transformation 2.0 initiative was completed in 2025.


Fit to Serve: We undertook our Fit to Serve initiative with the intent to right-size our business to create a more efficient operating model that was more responsive to market dynamics through a workforce reduction of approximately 14,000 positions, primarily within management. Costs associated with Fit to Serve consisted of benefit costs related to reductions in our workforce. The initiative was completed in 2025.


Network Reconfiguration and Efficiency Reimagined: Our Network of the Future initiative is intended to enhance the efficiency of our network through automation and operational sort consolidation in our U.S. Domestic network. In connection with our strategic execution of planned volume declines from our largest customer, we began our Network Reconfiguration initiative, which is an expansion of Network of the Future and has led and will continue to lead to consolidations of our facilities and workforce as well as an end-to-end process redesign. We launched our Efficiency Reimagined initiatives to undertake the end-to-end process redesign effort which will align our organizational processes to the network reconfiguration. We reduced our operational workforce by approximately 48,000 positions, including 15,000 fewer seasonal positions, and closed daily operations at 93 leased and owned buildings during 2025 as a component of this initiative. We continue to review expected changes in volume in our integrated air and ground network to identify additional buildings for closure. From this initiative, we computed year over year cost savings of approximately $3.5 billion in 2025. These amounts are calculated on the year over year change in volume from our largest customer, taking into account the impact of certain additional volume we have elected to serve. As of December 31, 2025 we have incurred program costs to date of $544 million, including $509 million in 2025.


In connection with the Network Reconfiguration and Efficiency Reimagined programs described above, we expect savings of approximately $3 billion in 2026. We also expect to exclude expenses related to certain strategic initiatives, including separation programs, from non-GAAP adjusted expenses, although we cannot reasonably estimate those expenses at this time. These initiatives are expected to conclude by 2027.


We do not consider the related costs to be ordinary because each program involves separate and distinct activities that may span multiple periods and are not expected to drive incremental revenue, and because the scope of the programs exceeds that of routine, ongoing efforts to enhance profitability. These initiatives are in addition to ordinary, ongoing efforts to enhance business performance.


Goodwill and Asset Impairments


We exclude the impact of goodwill and certain asset impairment charges. We do not consider these charges when evaluating the operating performance of our business units, making decisions to allocate resources or in determining incentive compensation awards.


Net Gains and Losses Related to Divestitures


We exclude the impact of gains (or losses) related to the divestiture of businesses. We do not consider these transactions to be a component of our ongoing operations, nor do we consider the impact of these transactions when evaluating the operating performance of our business units, making decisions to allocate resources or in determining incentive compensation awards.


Reversal of Income Tax Valuation Allowance


We previously recorded non-GAAP adjustments for transactions that resulted in capital loss deferred tax assets not expected to be realized. As a result of property sales during 2025, we now expect all of these capital losses to be realized. We supplement our presentation with non-GAAP adjusted financial measures that exclude the impact of the reversals of the valuation allowances against these deferred tax assets as we believe such treatment is consistent with how the valuation allowance was initially established.


Expense for Regulatory Matter


We have excluded the impact in 2024 of an expense to settle a previously disclosed regulatory matter. We do not believe this was a component of our ongoing operations and we do not expect this or similar expenses to recur.


One-Time Payment for International Regulatory Matter


We have excluded the impact in 2024 of a payment to settle a previously-disclosed international tax regulatory matter. We do not believe this payment was a component of our ongoing operations and we do not expect this or similar payments to recur.


Defined Benefit Pension and Postretirement Medical Plan Gains and Losses


We recognize changes in the fair value of plan assets and net actuarial gains and losses in excess of a 10% corridor (defined as 10% of the greater of the fair value of plan assets or the plan's projected benefit obligation), as well as gains and losses resulting from plan curtailments and settlements, for our defined benefit pension and postretirement medical plans immediately as part of Investment income (expense) and other in the statements of consolidated income. We supplement our presentation with non-GAAP adjusted measures that exclude the impact of these gains and losses and the related income tax effects. We believe excluding these defined benefit pension and postretirement medical plans gains and losses provides important supplemental information by removing the volatility associated with plan amendments and short-term changes in market interest rates, equity values and similar factors.


Non-GAAP Adjusted Cost per Piece


We evaluate the efficiency of our operations using various metrics, including non-GAAP adjusted cost per piece. Non-GAAP adjusted cost per piece is calculated as non-GAAP adjusted operating expenses in a period divided by total volume for that period. Because non-GAAP adjusted operating expenses exclude costs or charges that we do not consider a part of underlying business performance when monitoring and evaluating the operating performance of our business units, making decisions to allocate resources or in determining incentive compensation awards, we believe this is the appropriate metric on which to base reviews and evaluations of the efficiency of our operational performance.


Free Cash Flow


We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in other investing activities. We believe free cash flow is an important indicator of how much cash is generated by our ongoing business operations and we use this as a measure of incremental cash available to invest in our business, meet our debt obligations and return cash to shareowners.



 



United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures




(unaudited)








 








Three Months Ended








December 31,








(amounts in millions)






2025






 






 






 






2025








Operating Profit (GAAP)






 






$






2,575






 






Operating Margin (GAAP)






 






10.5






%








 






 






 






 






 






 






 








Transformation Strategy Costs:






 






 






 






Transformation Strategy Costs:






 






 








Transformation 2.0






 






 






 






Transformation 2.0






 






 








Financial systems






 






 






11






 






Financial systems






 






0.1






%








Transformation 2.0 total






 






 






11






 






Transformation 2.0 total






 






0.1






%








 






 






 






 






 






 






 








Network Reconfiguration and Efficiency Reimagined






 






 






122






 






Network Reconfiguration and Efficiency Reimagined






 






0.5






%








 






 






 






 






 






 






 








Total Transformation Strategy Costs






 






 






133






 






Total Transformation Strategy Costs






 






0.6






%








 






 






 






 






 






 






 








Goodwill and Asset Impairment Charges (1)






 






 






182






 






Goodwill and Asset Impairment Charges (1)






 






0.7






%








 






 






 






 






 






 






 








Non-GAAP Adjusted Operating Profit






 






$






2,890






 






Non-GAAP Adjusted Operating Margin






 






11.8






%








 






 






 






 






 






 






 








 






 






 






 






 






 






 








(1) Reflects a pre-tax impairment charge of $182 million related to the retirement of the MD-11 aircraft fleet.








 






 






 






 






 






 






 








 






 






 






 






 






 






 










 



United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures




(unaudited)









 



Three Months Ended






 






 








December 31,






 






 








(amounts in millions)






2025






 






 








Income Tax Expense (GAAP)






 






$






581






 






 








 






 






 






 






 








Transformation Strategy Costs:






 






 






 






 








Transformation 2.0






 






 






 






 








Financial systems






 






 






3






 






 








Transformation 2.0 total






 






 






3






 






 








 






 






 






 






 








Network Reconfiguration and Efficiency Reimagined






 






 






29






 






 








 






 






 






 






 








Total Transformation Strategy Costs






 






 






32






 






 








 






 






 






 






 








Goodwill and Asset Impairment Charges (1)






 






 






45






 






 








 






 






 






 






 








Non-GAAP Adjusted Income Tax Expense






 






$






658






 






 








 






 






 






 






 








 






 






 






 






 








(1) Reflects a pre-tax impairment charge of $182 million related to the retirement of the MD-11 aircraft fleet.






 












United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures




(unaudited)








 








Three Months Ended








December 31,








(amounts in millions)






2025






 






 






 






2025








Net Income (GAAP)






 






$






1,791






 






Diluted Earnings Per Share (GAAP)






 






$






2.10








 






 






 






 






 






 






 








Transformation Strategy Costs:






 






 






 






Transformation Strategy Costs:






 






 








Transformation 2.0






 






 






 






Transformation 2.0






 






 








Financial systems






 






 






8






 






Financial systems






 






 






0.01








Transformation 2.0 total






 






 






8






 






Transformation 2.0 total






 






 






0.01








 






 






 






 






 






 






 








Network Reconfiguration and Efficiency Reimagined






 






 






93






 






Network Reconfiguration and Efficiency Reimagined






 






 






0.11








 






 






 






 






 






 






 








Total Transformation Strategy Costs






 






 






101






 






Total Transformation Strategy Costs






 






 






0.12








 






 






 






 






 






 






 








Goodwill and Asset Impairment Charges (1)






 






 






137






 






Goodwill and Asset Impairment Charges (1)






 






 






0.16








 






 






 






 






 






 






 








Non-GAAP Adjusted Net Income






 






$






2,029






 






Non-GAAP Adjusted Diluted Earnings Per Share






 






$






2.38








 






 






 






 






 






 






 








 






 






 






 






 






 






 








(1) Reflects a pre-tax impairment charge of $182 million related to the retirement of the MD-11 aircraft fleet.












United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures




(unaudited)








 








Three Months Ended








December 31,








(amounts in millions)






2024






 






 






 






2024








Operating Profit (GAAP)






 






$






2,926






 






 






Diluted Earnings Per Share (GAAP)






 






$






2.01








 






 






 






 






 






 






 








Transformation Strategy Costs:






 






 






 






Transformation Strategy Costs:






 






 








Transformation 2.0






 






 






 






Transformation 2.0






 






 








Financial systems






 






 






13






 






 






Financial systems






 






 






0.01








Transformation 2.0 total






 






 






13






 






 






Transformation 2.0 total






 






 






0.01








 






 






 






 






 






 






 








Fit to Serve






 






 






47






 






 






Fit to Serve






 






 






0.04








 






 






 






 






 






 






 








Network Reconfiguration and Efficiency Reimagined






 






 






35






 






 






Network Reconfiguration and Efficiency Reimagined






 






 






0.03








 






 






 






 






 






 






 








Total Transformation Strategy Costs






 






 






95






 






 






Total Transformation Strategy Costs






 






 






0.08








 






 






 






 






 






 






 








Goodwill and Asset Impairment Charges (2)






 






 






60






 






 






Goodwill and Asset Impairment Charges (2)






 






 






0.05








Multiemployer Pension Plan Withdrawal (3)






 






 






19






 






 






Multiemployer Pension Plan Withdrawal (3)






 






 






0.02








 






 






 






 






Pension Adjustment (4)






 






 






0.59








 






 






 






 






 






 






 








Non-GAAP Adjusted Operating Profit






 






$






3,100






 






 






Non-GAAP Adjusted Diluted Earnings Per Share






 






$






2.75








 






 






 






 






 






 






 








(amounts in millions)






 






2024






 






 






 






 






 








Other Income (Expense) (GAAP)






 






$






(799






)






 






 






 






 








 






 






 






 






 






 






 








Pension Adjustment (4)






 






 






665






 






 






 






 






 








 






 






 






 






 






 






 








Non-GAAP Adjusted Other Income (Expense)






 






$






(134






)






 






 






 






 








 






 






 






 






 






 






 








(2) Reflects pre-tax impairment charges of $60 million for IT systems and other fixed assets within Supply Chain Solutions in 2024.








(3) Reflects a pre-tax one-time charge of $19 million to withdraw from a multiemployer pension plan within the United States.








(4) Net mark-to-market loss recognized outside of a 10% corridor on company-sponsored defined benefit pension and postretirement plans.








 








 



United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures by Segment




(unaudited)








 








Three Months Ended








December 31,








 






 






 






2025






 






 






2024






 






 






 






 






2025






 






2024






 






 






 






2025






2024








U.S. Domestic Package






 






Operating Expenses






% Change






 






Operating Profit






% Change






 






Operating Margin








GAAP






 






$






15,328






 






$






15,631






 






(1.9






)%






 






$






1,428






$






1,681






 






(15.1






)%






 






8.5






%






9.7






%








 






 






 






 






 






 






 






 






 






 






 






 








Adjusted for:






 






 






 






 






 






 






 






 






 






 






 








Transformation Strategy Costs






 






 






(105






)






 






(54






)






 






 






 






105






 






54






 






 






 






0.7






%






0.3






%








Goodwill and Asset Impairment Charges






 






 






(173






)






 






—






 






 






 






 






173






 






—






 






 






 






1.0






%






—






%








Multiemployer Pension Plan Withdrawal






 






 






—






 






 






(19






)






 






 






 






—






 






19






 






 






 






—






%






0.1






%








 






 






 






 






 






 






 






 






 






 






 






 








Non-GAAP Adjusted Measure






 






$






15,050






 






$






15,558






 






(3.3






)%






 






$






1,706






$






1,754






 






(2.7






)%






 






10.2






%






10.1






%








 






 






 






 






 






 






 






 






 






 






 






 








 






 






 






2025






 






 






2024






 






 






 






 






2025






 






2024






 






 






 






2025






2024








International Package






 






Operating Expenses






% Change






 






Operating Profit






% Change






 






Operating Margin








GAAP






 






$






4,161






 






$






3,904






 






6.6






%






 






$






884






$






1,019






 






(13.2






)%






 






17.5






%






20.7






%








 






 






 






 






 






 






 






 






 






 






 






 








Adjusted for:






 






 






 






 






 






 






 






 






 






 






 








Transformation Strategy Costs






 






 






(15






)






 






(43






)






 






 






 






15






 






43






 






 






 






0.3






%






0.9






%








Goodwill and Asset Impairment Charges






 






 






(9






)






 






—






 






 






 






 






9






 






—






 






 






 






0.2






%






—






%








 






 






 






 






 






 






 






 






 






 






 






 








Non-GAAP Adjusted Measure






 






$






4,137






 






$






3,861






 






7.1






%






 






$






908






$






1,062






 






(14.5






)%






 






18.0






%






21.6






%








 






 






 






 






 






 






 






 






 






 






 






 








 






 






 






2025






 






 






2024






 






 






 






 






2025






 






2024






 






 






 






2025






2024








Supply Chain Solutions






 






Operating Expenses






% Change






 






Operating Profit






% Change






 






Operating Margin








GAAP






 






$






2,415






 






$






2,840






 






(15.0






)%






 






$






263






$






226






 






16.4






%






 






9.8






%






7.4






%








 






 






 






 






 






 






 






 






 






 






 






 








Adjusted for:






 






 






 






 






 






 






 






 






 






 






 








Transformation Strategy Costs






 






 






(13






)






 






2






 






 






 






 






13






 






(2






)






 






 






0.5






%






(0.1






)%








Goodwill and Asset Impairment Charges






 






 






—






 






 






(60






)






 






 






 






—






 






60






 






 






 






—






%






2.0






%








 






 






 






 






 






 






 






 






 






 






 






 








Non-GAAP Adjusted Measure






 






$






2,402






 






$






2,782






 






(13.7






)%






 






$






276






$






284






 






(2.8






)%






 






10.3






%






9.3






%












United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures




(unaudited)








 








Year Ended








December 31,








(amounts in millions)






 






2025






 






 






 






 






2025








Operating Profit (GAAP)






 






$






7,867






 






 






Operating Margin (GAAP)






 






8.9






%








 






 






 






 






 






 






 








Transformation Strategy Costs:






 






 






 






Transformation Strategy Costs:






 






 








Transformation 2.0






 






 






 






Transformation 2.0






 






 








Business portfolio review






 






 






(18






)






 






Business portfolio review






 






—






%








Financial systems






 






 






55






 






 






Financial systems






 






0.1






%








Transformation 2.0 total






 






 






37






 






 






Transformation 2.0 total






 






0.1






%








 






 






 






 






 






 






 








Fit to Serve






 






 






47






 






 






Fit to Serve






 






0.1






%








 






 






 






 






 






 






 








Network Redesign and Efficiency Reimagined






 






 






509






 






 






Network Redesign and Efficiency Reimagined






 






0.6






%








 






 






 






 






 






 






 








Total Transformation Strategy Costs






 






 






593






 






 






Total Transformation Strategy Costs






 






0.8






%








 






 






 






 






 






 






 








Goodwill and Asset Impairment Charges (1)






 






 






182






 






 






Goodwill and Asset Impairment Charges (1)






 






0.1






%








Net Loss on Divestiture (5)






 






 






19






 






 






Net Loss on Divestiture (5)






 






—






%








 






 






 






 






 






 






 








Non-GAAP Adjusted Operating Profit






 






$






8,661






 






 






Non-GAAP Adjusted Operating Margin






 






9.8






%








 






 






 






 






 






 






 








(amounts in millions)






 






2025






 






 






 






 






 








Other Income (Expense) (GAAP)






 






$






(703






)






 






 






 






 








 






 






 






 






 






 






 








Goodwill and Asset Impairment Charges (1)






 






 






19






 






 






 






 






 








 






 






 






 






 






 






 








Non-GAAP Adjusted Other Income (Expense)






 






$






(684






)






 






 






 






 








 






 






 






 






 






 






 








(1) Reflects a pre-tax impairment charge of $182 million related to the retirement of the MD-11 aircraft fleet and $19 million for the write-down of an equity investment in 2025.








(5) Reflects a pre-tax net loss of $19 million on the divestiture of a business within Supply Chain Solutions.












 



United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures




(unaudited)











 



Year Ended






 






 






 






 








December 31,






 






 






 






 








(amounts in millions)






 






2025






 






 






 






 






 








Income Tax Expense (GAAP)






 






$






1,592






 






 






 






 






 








 






 






 






 






 






 






 








Transformation Strategy Costs:






 






 






 






 






 






 








Transformation 2.0






 






 






 






 






 






 








Business portfolio review






 






 






(5






)






 






 






 






 








Financial systems






 






 






14






 






 






 






 






 








Transformation 2.0 total






 






 






9






 






 






 






 






 








 






 






 






 






 






 






 








Fit to Serve






 






 






10






 






 






 






 






 








 






 






 






 






 






 






 








Network Redesign and Efficiency Reimagined






 






 






122






 






 






 






 






 








 






 






 






 






 






 






 








Total Transformation Strategy Costs






 






 






141






 






 






 






 






 








 






 






 






 






 






 






 








Goodwill and Asset Impairment Charges (1)






 






 






45






 






 






 






 






 








Net Loss on Divestiture (5)






 






 






4






 






 






 






 






 








Reversal of Income Tax Valuation Allowance (6)






 






 






109






 






 






 






 






 








 






 






 






 






 






 






 








Non-GAAP Adjusted Income Tax Expense






 






$






1,891






 






 






 






 






 








 






 






 






 






 






 






 








 






 






 






 






 






 






 








(1) Reflects a pre-tax impairment charge of $182 million related to the retirement of the MD-11 aircraft fleet.








(5) Reflects a pre-tax net loss of $19 million on the divestiture of a business within Supply Chain Solutions.






 








(6) Reflects the reversal of an income tax valuation allowance.






 








 



United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures




(unaudited)







 



Year Ended








December 31,








(amounts in millions)






 






2025






 






 






 






 






 






2025






 








Net Income (GAAP)






 






$






5,572






 






 






Diluted Earnings Per Share (GAAP)






 






$






6.56






 








 






 






 






 






 






 






 








Transformation Strategy Costs:






 






 






 






Transformation Strategy Costs:






 






 








 






 






 






 






 






 






 








Transformation 2.0






 






 






 






Transformation 2.0






 






 








Business portfolio review






 






 






(13






)






 






Business portfolio review






 






 






(0.02






)








Financial systems






 






 






41






 






 






Financial systems






 






 






0.05






 








Transformation 2.0 total






 






 






28






 






 






Transformation 2.0 total






 






 






0.03






 








 






 






 






 






 






 






 








Fit to Serve






 






 






37






 






 






Fit to Serve






 






 






0.04






 








 






 






 






 






 






 






 








Network Redesign and Efficiency Reimagined






 






 






387






 






 






Network Redesign and Efficiency Reimagined






 






 






0.46






 








 






 






 






 






 






 






 








Total Transformation Strategy Costs






 






 






452






 






 






Total Transformation Strategy Costs






 






 






0.53






 








 






 






 






 






 






 






 








Goodwill and Asset Impairment Charges (1)






 






 






156






 






 






Goodwill and Asset Impairment Charges (1)






 






 






0.18






 








Net Loss on Divestiture (5)






 






 






15






 






 






Net Loss on Divestiture (5)






 






 






0.02






 








Reversal of Income Tax Valuation Allowance (6)






 






 






(109






)






 






Reversal of Income Tax Valuation Allowance (6)






 






 






(0.13






)








 






 






 






 






 






 






 








Non-GAAP Adjusted Net Income






 






$






6,086






 






 






Non-GAAP Adjusted Diluted Earnings Per Share






 






$






7.16






 








 






 






 






 






 






 






 








 






 






 






 






 






 






 








(1) Reflects a pre-tax impairment charge of $182 million related to the retirement of the MD-11 aircraft fleet.








(5) Reflects a pre-tax net loss of $19 million on the divestiture of a business within Supply Chain Solutions.








(6) Reflects the reversal of an income tax valuation allowance.










 



United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures by Segment




(unaudited)









 



 






 






Year Ended








 






 






December 31,








 






 






 






2025






 






 






2024






 






 






 






 






2025






 






2024






 






 






 






2025






2024








U.S. Domestic Package






 






Operating Expenses






% Change






 






Operating Profit






% Change






 






Operating Margin








GAAP






 






$






55,593






 






$






56,031






 






(0.8






)%






 






$






3,926






$






4,345






 






(9.6






)%






 






6.6






%






7.2






%








 






 






 






 






 






 






 






 






 






 






 






 








Adjusted for:






 






 






 






 






 






 






 






 






 






 






 








Transformation Strategy Costs






 






 






(505






)






 






(147






)






 






 






 






505






 






147






 






 






 






0.8






%






0.3






%








Goodwill and Asset Impairment Charges






 






 






(173






)






 






(5






)






 






 






 






173






 






5






 






 






 






0.3






%






—






%








Multiemployer Pension Plan Withdrawal






 






 






—






 






 






(19






)






 






 






 






—






 






19






 






 






 






—






%






—






%








 






 






 






 






 






 






 






 






 






 






 






 








Non-GAAP Adjusted Measure






 






$






54,915






 






$






55,860






 






(1.7






)%






 






$






4,604






$






4,516






 






1.9






%






 






7.7






%






7.5






%








 






 






 






 






 






 






 






 






 






 






 






 








 






 






 






2025






 






 






2024






 






 






 






 






2025






 






2024






 






 






 






2025






2024








International Package






 






Operating Expenses






% Change






 






Operating Profit






% Change






 






Operating Margin








GAAP






 






$






15,703






 






$






14,769






 






6.3






%






 






$






2,873






$






3,191






 






(10.0






)%






 






15.5






%






17.8






%








 






 






 






 






 






 






 






 






 






 






 






 








Adjusted for:






 






 






 






 






 






 






 






 






 






 






 








Transformation Strategy Costs






 






 






(53






)






 






(79






)






 






 






 






53






 






79






 






 






 






0.3






%






0.4






%








Goodwill and Asset Impairment Charges






 






 






(9






)






 






(2






)






 






 






 






9






 






2






 






 






 






—






%






—






%








One-Time International Regulatory Matter






 






 






—






 






 






(88






)






 






 






 






—






 






88






 






 






 






—






%






0.5






%








 






 






 






 






 






 






 






 






 






 






 






 








Non-GAAP Adjusted Measure






 






$






15,641






 






$






14,600






 






7.1






%






 






$






2,935






$






3,360






 






(12.6






)%






 






15.8






%






18.7






%








 






 






 






 






 






 






 






 






 






 






 






 








 






 






 






2025






 






 






2024






 






 






 






 






2025






 






2024






 






 






 






2025






2024








Supply Chain Solutions






 






Operating Expenses






% Change






 






Operating Profit






% Change






 






Operating Margin








GAAP






 






$






9,498






 






$






11,802






 






(19.5






)%






 






$






1,068






$






932






 






14.6






%






 






10.1






%






7.3






%








 






 






 






 






 






 






 






 






 






 






 






 








Adjusted for:






 






 






 






 






 






 






 






 






 






 






 








Transformation Strategy Costs






 






 






(35






)






 






(96






)






 






 






 






35






 






96






 






 






 






0.3






%






0.8






%








Net (Loss) Gain on Divestiture






 






 






(19






)






 






156






 






 






 






 






19






 






(156






)






 






 






0.2






%






(1.2






)%








Goodwill and Asset Impairment Charges






 






 






—






 






 






(101






)






 






 






 






—






 






101






 






 






 






—






%






0.7






%








Expense for Regulatory Matter






 






 






—






 






 






(45






)






 






 






 






—






 






45






 






 






 






—






%






0.4






%








 






 






 






 






 






 






 






 






 






 






 






 








Non-GAAP Adjusted Measure






 






$






9,444






 






$






11,716






 






(19.4






)%






 






$






1,122






$






1,018






 






10.2






%






 






10.6






%






8.0






%










 



United Parcel Service, Inc.




Reconciliation of Free Cash Flow (Non-GAAP measure)




(unaudited)








 






 






 








Year Ended








December 31,








(amounts in millions)






 






2025






 








Cash flows from operating activities






 






$






8,450






 








Capital expenditures






 






 






(3,685






)








Proceeds from disposals of property, plant and equipment






 






 






700






 








Other investing activities






 






 






5






 








Free Cash Flow (Non-GAAP measure)






 






$






5,470






 











 



United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures - U.S. Domestic Cost Per Piece




(unaudited)










 



 






 






Three Months Ended






 








 






 






December 31,






 








 






 






 






2025






 






 






2024






 






% Change








Operating Days






 






 






62






 






 






62






 






 








Average Daily U.S. Domestic Package Volume (in thousands)






 






 






19,970






 






 






22,382






 






 








U.S. Domestic Package Cost Per Piece (GAAP)






 






$






12.14






 






$






11.00






 






10.4






%








 






 






 






 






 








Transformation Strategy Costs






 






 






(0.08






)






 






(0.04






)






 








Goodwill and Asset Impairment Charges






 






 






(0.14






)






 






—






 






 








Multiemployer Pension Plan Withdrawal






 






 






—






 






 






(0.01






)






 








 






 






 






 






 








U.S. Domestic Package Non-GAAP Adjusted Cost Per Piece






 






$






11.92






 






$






10.95






 






8.9






%
















 



Note: Cost per piece excludes expense associated with cargo and other activity.











 



United Parcel Service, Inc.




Reconciliation of GAAP and Non-GAAP Adjusted Measures - U.S. Domestic Cost Per Piece




(unaudited)










 



 






 






Year Ended






 








 






 






December 31,






 








 






 






 






2025






 






 






2024






 






% Change








Operating Days






 






 






252






 






 






253






 






 








Average Daily U.S. Domestic Package Volume (in thousands)






 






 






17,510






 






 






19,161






 






 








U.S. Domestic Package Cost Per Piece (GAAP)






 






$






12.35






 






$






11.42






 






8.1






%








 






 






 






 






 








Transformation Strategy Costs






 






 






(0.11






)






 






(0.04






)






 








Goodwill and Asset Impairment Charges






 






 






(0.04






)






 






—






 






 








 






 






 






 






 








U.S. Domestic Package Non-GAAP Adjusted Cost Per Piece






 






$






12.20






 






$






11.38






 






7.2






%
















 



Note: Cost per piece excludes expense associated with cargo and other activity.







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260127727273/en/
UPS Media Relations: 404-828-7123 or pr@ups.com

UPS Investor Relations: 404-828-6059 (option 4) or investor@ups.com


Original: UPS Releases 4Q 2025 Earnings and Provides 2026 Guidance