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UPS says its first quarter consolidated revenues for 2023 were 6% down on Q1 2022, at $22.9 billion.
Internationally, revenue decreased by 6.8%, driven by a 6.2% reduction in average daily volume due to lower domestic volume and softness in China trade lanes.
Consolidated operating profit was $2.5 billion, down 21.8% compared to the first quarter of 2022, and down 22.8% on an adjusted basis.
Chief executive Carol Tomé, said: “In the first ...
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UPS Healthcare has more than doubled the size of its dedicated healthcare logistics facility in Blonie, Poland.
Designed to the BREEAM sustainable buildings standard, It adds over 17,000sq m of space for up to 23,000 pallet and offers 2-8°C to 15-25°C storage.
The facility is supported by more than 300 specialized temperature-controlled ...
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UPS has opened a £2.5 million small package facility in Telford in the Midlands. The 6,500sq m building can sort up to 5,000 packages per hour.
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UPS Healthcare has opened its first dedicated healthcare logistics facility in Germany, in Giessen, about 50km north of Frankfurt-am-Main. The 27,200sq m GMP- and GDP-compliant space has over 30,000 pallet positions capable of supporting storage at 2°C to 8°C, 15°C to 25°C and down to -20°C degrees.
The new facility will ...
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UPS has appointed Francisco (Paco) Conejo as country manager for Italy, taking over from Britta Weber. He will oversee UPS’s operations, business development, and strategy in the country whose exports accounts for more than 30% of the GDP, more than half of which is generated by small and medium-sized firms, ...
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Oxford Nanopore Technologies has extended its collaboration with UPS Healthcare to deliver its DNA/RNA sequencing products and consumables across the Asia Pacific region. Oxford Nanopore’s flow cells will be stored in UPS Healthcare’s temperature-controlled distribution facility in Singapore and then be delivered within 24-48- hours through UPS’s cold chain across ...
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UPS reported revenues down 2.7% from last year at $27.0bn in its fourth quarter 2022 earnings. However, for 2002 as a whole, revenue increased 3.1% to $100.3 billion. Diluted earnings per share were $3.96 for the quarter and adjusted diluted earnings per share were $3.62, 0.8% above the same period ...
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UPS Supply Chain Solutions (SCS) has opened a facility in Madrid, Spain. The 6,500sq m (69,965sq ft) premises will be a main point of distribution for the Iberian Peninsula for the tech and healthcare industries.
With 7500 pallet positions and 25000 shelf locations, the facility is also LEED Gold certified with ...
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UPS has more than doubled the size of its healthcare logistics hub in Ostrava in the Czech Republic. It has added 6,000sq m GDP-compliant space for a variety of temperature-sensitive medicines and biologics.
The facility will support growth and greater access to fast-growing Eastern European markets.
The Ostrava hub, UPS’s first dedicated ...
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UPS is to open its first dedicated healthcare facility in Dublin in late 2023. It will offer nearly 6,000sq m of space to support Ireland’s pharmaceutical and medical device industries in delivering next generation biologics, critical vaccines and vital healthcare equipment to patients around the world. The facility will create ...
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