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MarketScreener Homepage  >  Equities  >  Nyse  >  United Parcel Service    UPS

UNITED PARCEL SERVICE

(UPS)
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UPS Eases Exporting For Small Businesses And E-Tailers With European Expansion Of Worldwide Economy Service

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10/21/2019 | 04:15pm EST

ATLANTA, Oct. 21, 2019 (GLOBE NEWSWIRE) --

  • Following the recent launch in the U.S., Canada, China, Hong Kong, and the UK, UPS® Worldwide Economy export product now also available for customers in Germany, France and the Netherlands – with more markets to follow.
  • Cost-effective cross-border shipping service designed to provide small and medium-sized businesses flexibility, visibility and affordability.

UPS (NYSE:UPS) announced today that it is expanding its UPS® Worldwide Economy service in Europe. Following its July 2019 launch in the U.S., Canada, China, Hong Kong, and the UK, the service is now also available to customers in Germany, France and the Netherlands, with more markets to follow. This service offers businesses an economical and efficient shipping option to reach customers in key e-commerce destinations worldwide.

“The expansion of our UPS Worldwide Economy service to some of Europe’s largest e-commerce markets is part of our ongoing commitment to offer small businesses access to the same reliable, high-quality services as our larger customers,” said Nando Cesarone, president of UPS International. “We know global cross-border online sales are projected to make up 20 percent of e-commerce in 2022. As B2C and B2B cross-border trade keeps expanding, UPS will continue to provide flexibility, visibility and affordability. This UPS Worldwide Economy service gives micro-multinationals a better shot at seizing further international growth opportunities.”

“Our customers are increasingly turning toward exporting as a way of growing their businesses,” said Abhijit Saha, vice-president of marketing, UPS Europe. “The amazing growth of e-commerce has been a game changer for small and medium businesses looking to expand. Our research shows that 68% of online shoppers buy internationally, so it’s no surprise that cross-border e-commerce is expected to grow twice as fast as domestic e-commerce. Our UPS Worldwide Economy service meets growing demand for low-weight, small size, cross-border shipments. We see this as an affordable solution for companies to take their e-commerce services to new markets around the world.”

According to the European Commission, EU countries exported goods worth nearly €2 trillion to the rest of the world in 2018. Exporting opens doors to new customers, and helps businesses diversify revenue to offset economic shifts. UPS Worldwide Economy benefits businesses in the B2C and B2B space that are looking to export to key e-commerce destinations across the world, but have been waiting for a more affordable way to ship internationally.

“By combining competitive rates with the same pick up service and UPS’s smart global logistics network, we’re making the ‘first mile’ of international shipping easier and more economical, helping even our smallest customers compete like micro-multinationals,” added Saha.

First launched in July 2019, UPS Worldwide Economy offers customers more flexibility by allowing them to choose between shipping with delivery duties paid or unpaid, combined with reassuring levels of visibility and tracking of delivery milestones via UPS.com, as well as the convenience and reliability of access to UPS’s global logistics network.

For more information on UPS Worldwide Economy, click here.

About UPS

UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. UPS was awarded America’s Best Customer Service company for Shipping and Delivery services by Newsweek magazine; Forbes Most Valuable Brand in Transportation; and top rankings on the JUST 100 list for social responsibility, the Dow Jones Sustainability World Index, and the Harris Poll Reputation Quotient, among other prestigious rankings and awards. The company can be found on the web at ups.com or pressroom.ups.com and its corporate blog can be found at ups.com/longitudes The company’s sustainability eNewsletter, UPS Horizons, can be found at ups.com/sustainabilitynewsletter. To get UPS news direct, follow @UPS_News on Twitter. To ship with UPS, visit ups.com/ship.

Rudolf Douqué
+1 404-828-3716
rdouque@ups.com

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© GlobeNewswire 2019
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Financials (USD)
Sales 2019 74 187 M
EBIT 2019 8 213 M
Net income 2019 6 433 M
Debt 2019 18 798 M
Yield 2019 3,22%
P/E ratio 2019 16,1x
P/E ratio 2020 14,7x
EV / Sales2019 1,63x
EV / Sales2020 1,57x
Capitalization 102 B
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 126,26  $
Last Close Price 119,01  $
Spread / Highest target 17,6%
Spread / Average Target 6,09%
Spread / Lowest Target -28,6%
EPS Revisions
Managers
NameTitle
David P. Abney Chairman & Chief Executive Officer
James Jay Barber Chief Operating Officer & Senior Vice President
Brian Newman Chief Financial Officer
Juan R. Perez Chief Information & Engineering Officer, Senior VP
Carol B. Tomé Independent Director
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