United Parcel Service (UPS) stands as a leading force in global logistics, with a staggering market cap of $134.86 billion as of January 2024. This article explores the financial magnitude of this delivery giant.
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Table of Contents
What is UPS?
UPS, a household name in package delivery and supply chain management, has established itself as a key player in the logistics industry. Founded in 1907, it has grown to become a global corporation.
Origin
UPS began as a messenger company in Seattle, Washington. Founded by James E. Casey, it started with a $100 loan and a pioneering spirit in package delivery.
Career
UPS’s journey from a small messenger service to a global logistics behemoth has been marked by innovation, expansion, and strategic acquisitions.
UPS Net Worth
As of 2023, UPS’s net worth was valued at a monumental $138.31 billion, showcasing its significant presence in the global market.
What is UPS’s Yearly Profit?
In the twelve months ending September 30, 2023, UPS reported a gross profit of $71.218 billion. This figure, though slightly lower than the previous year, underscores its financial strength.
Who is the Owner of UPS?
UPS is primarily owned by institutional investors, with The Vanguard Group Inc. and BlackRock being the largest, holding 9.3% and 7.7% of the company, respectively.
Is UPS a Trillion Dollar Company?
As of January 2024, UPS is not a trillion-dollar company. However, with a market cap of $134.86 Billion, it ranks as the world’s 93rd most valuable company.
Conclusion
UPS’s financial journey mirrors its evolution from a small courier operation to a global logistics empire. Its substantial net worth and market cap reflect the company’s significant role in global trade and commerce.
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FAQs about UPS
- What is the current market cap of UPS?
- As of January 2024, UPS has a market cap of $134.86 billion.
- How has UPS evolved since its inception?
- UPS started as a small messenger company and grew into a global logistics leader.
- Who are the major shareholders of UPS?
- Major shareholders include institutional investors like The Vanguard Group Inc. and BlackRock.
- What was UPS’s gross profit for the twelve months ending in September 2023?
- UPS’s gross profit was $71.218 billion for that period.
- How does UPS’s market cap compare to other companies?
- With a market cap of $134.86 Billion, UPS ranks as the 93rd most valuable company globally.
