Today, UPS released its first quarter earnings report. The company made $2.6 billion in profit for the first quarter and is on track to match its record profits of 2023.
UPS’s revenue for the quarter were $22.9 billion. US domestic volume was down 5.4% compared to the first quarter of 2022, due to lower retail sales. That decrease was offset by a 4.8% increase in revenue per parcel.
UPS made profits of more than $13 billion in 2022 and is headed there again this year.
Watch the video “UPS: By the Numbers” to get the facts and figures and a breakdown of our powerful leverage in winning a good contract.