UPS increased its revenue 15% in 2021, while profits leaped 860%—despite competition with Amazon, supply-chain setbacks, high consumer expectations, inflation, and a tight labor market all putting pressure on the company. Along the way it sold UPS Freight, part of its trucking infrastructure, to TFI International for $800 million and acquired Roadie, a company that takes advantage of the growing gig economy by matching drivers with deliveries they can complete during other trips they’ve already planned out. UPS was also a central artery for vaccine dispersal in 2021, delivering more than 1.1 billion doses in more than 110 countries.
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Latest news for UPS
- MagazinePfizer’s COVID vaccine has revived its sagging reputation as a Big Pharma brandFebruary 2, 2022 3:30 PM UTC
- LeadershipUPS CEO Carol Tomé leapt from retirement straight into the pandemic fireDecember 10, 2021 5:00 PM UTC
- NewslettersA new study shows former CFOs generally underperform as CEOsDecember 8, 2021 11:56 AM UTC
- NewslettersUPS CEO Carol Tomé explains what ‘job number one’ has been during the pandemicDecember 7, 2021 10:27 AM UTC