Freight forwarder UPS reported revenue growth of 3.6% year over year in Q4, beating peers CH Robinson and FedEx which fell by 18.9% and 2.9% respectively. UPS’s continued involvement with Amazon likely helped. The firm’s cost controls also meant its profitability increased during the year. Management retained an upbeat outlook for 2020, though revenue guidance was below analysts’ expectations leading to a fall in the stock price. UPS CEO, David Abney, stated both that “consumer demand remains healthy” and that “advancements with U.S. trade are encouraging with the president’s recent sig...
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