United Parcel Service Inc
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| Public company | |
| Traded as | : UPS (Class B) DJTA component S&P 100 Component S&P 500 Component |
| Industry | Courier |
| Founded |
August 28, 1907 Seattle, Washington, U.S. |
| Founder | James E. Casey |
| Headquarters | 55 Glenlake Parkway,Sandy Springs, Georgia, U.S. |
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Area served
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Worldwide |
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Key people
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David Abney (Chairman and CEO) |
| Products |
Courier express services Freight forwarding services Logistics services |
| Revenue |  US$60.906 billion (2016) |
 US$5.467 billion (2016)
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US$3.431 billion (2016)
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| Total assets |
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| Total equity |
US$429 million (2016)
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Number of employees
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434,000 (2016) |
| Subsidiaries |
The UPS Store UPS Supply Chain Solutions UPS Capital UPS Airlines UPS Express Critical UPS Freight UPS Logistics UPS Mail Innovations UPS Professional Solutions UPS i-parcel |
| Website | www.ups.com |
United Parcel Service (UPS) is an American multinational package delivery company and a provider of supply chain management solutions. The global logistics company is headquartered in the U.S. city of Sandy Springs, Georgia, which is a part of the Greater Atlanta metropolitan area.
UPS also operates UPS Airlines.
On August 28, 1907, James Casey founded the American Messenger Company with Claude Ryan in Seattle, Washington, capitalized with $100 in debt. Most deliveries at this time were made on foot and bicycles were used for longer trips.
The American Messenger Company focused primarily on package delivery to retail stores with special delivery mail delivered for its largest client the United States Postal Service. In 1913 the company acquired a Model T Ford as its first delivery vehicle. Casey and Ryan merged with a competitor, Evert McCabe, and formed Merchants Parcel Delivery. Consolidated delivery was also introduced, combining packages addressed to a certain neighborhood onto one delivery vehicle. In 1916 Charlie Soderstrom joined Merchants Parcel Delivery bringing in more vehicles for the growing delivery business. In 1919 the company expanded for the first time outside of Seattle to Oakland, California and changed its name to United Parcel Service. The name change to United Parcel Service was to remind the company expansion that operations were still United under the same organisation and Parcel identified the type of business offered as part of its Service. Common carrier service was acquired in 1922 from a company in Los Angeles, California. UPS became one of the only companies in the United States to offer common carrier service. At first common carrier was only limited to a small area around Los Angeles but by 1927 expanded to areas up to 125 miles outside the city. In 1924 a conveyor belt system was debuted for the handling of packages for UPS operations.
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Wikipedia