Driven by strong growth in B2C e-commerce volumes, as well as increased air cargo demand, UPS’ total revenue increased 14% in 2020.

The company saw strong revenue and parcel volume growth for both SMEs and large customers in 2020, with SME volumes increasing 15% in the US. Higher delivery costs for residential volumes and an increased delivery workforce drove down group profitability, as did costs related to the sale of UPS Freight announced in early 2021. However, UPS forecasts that its EBIT margin will improve in 2021 as it pursues further efficiencies. For more details download the latest IPC Carrier Intelligence Report for UPS.

 

If your company has not yet subscribed to IPC’s Carrier Intelligence Reports, please visit this page or email us at market.intelligence@ipc.be.