The world’s largest delivery company knows how to deliver. In its most recent fiscal year, profits leaped to $4.9 billion, increasing 43% over the year prior. As online shopping continues to boom, so do UPS orders. Couriering packages to people’s homes accounts for a growing portion of the company’s business. The category offers thinner margins compared to bulk business-to-business shipments, but the company has managed to stay ahead by overhauling operations with automation and other supply chain improvements. Plus: If President Trump pressures the Postal Service to renegotiate its rates with Amazon, as he has indicated a desire to do, UPS could gain the leeway to boost its own pricing.
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News about UPS
"Most of the issues that we are dealing with today are induced by bad political choices," FedEx's CEO said.
Consumers expected ship back 1.5 million packages on Dec. 19 alone.
It would be their first work stoppage since 1997
The company plans a hiring blitz across country this week.