UPS sees revenues jump by 21%

Logistics giant UPS has reported a 21% growth in consolidated revenue in the fourth quarter of 2020, to $24.9 billion, compared to Q4 2019. Daily volumes grew by an average of 10.6% compared to the same period last year. Adjusted operating profit was up 26% compared to Q4, 2019, to $2.2 billion.

“Our financial performance in the fourth quarter exceeded our expectations, and I thank all UPSers for their extraordinary efforts to deliver industry-leading service through the holidays.” said Carol Tomé, UPS chief executive officer. “I’d also like to thank our customers who worked with us during this challenging year. As we look past 2020 into the new year, we are optimistic.  During the fourth quarter, we began transporting COVID-19 vaccines and we stand ready to deliver hope and health to people around the world.”