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0:00 / 0:00I. Business Strategy and Competitive Landscape
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UPS Revenue Plunges 9.3% to $91B as Volumes Decline

UPS10-KFiling Date: 2/20/2024
United Parcel Service, Inc.
Description

What this story covers

UPS's 2023 10-K reveals revenue down 9.3% to $91B amid economic pressures, with net income falling 41.9% to $6.7B. Volumes dropped 8.2%, but strategic acquisitions and network investments aim to bolster e-commerce and healthcare segments. Liquidity remains strong at $6.1B cash, supporting $5.2B capex and dividends. Risks include competition, unions, and regulations.

Story snapshot

CompanyUnited Parcel Service, Inc.
TickerUPS
VariantStandard detailed
Duration12:06
Filing type10-K
PeriodAnnual 2023
IndustryTransportation & Logistics
Accession0001090727-24-000008

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