UPS revenue down 7.8% in ‘difficult’ year


UPS says its consolidated revenues were $24.9bn, a 7.8% decrease from the fourth quarter of 2022, according to its international earnings for Q4 2023, published on 30 January.

Consolidated operating profit was $2.5bn, down 22.5% compared to the fourth quarter of 2022, and down 27.1% on an adjusted basis.

UPS chief executive officer, Carol Tomé, said: 2023 was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy and strengthened our foundation for future growth.”


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