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MarketScreener Homepage  >  Equities  >  Nyse  >  United Parcel Service, Inc.    UPS

UNITED PARCEL SERVICE, INC.

(UPS)
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UPS Preparing to Help Ship, Store Covid-19 Vaccines

11/24/2020 | 01:20pm EST

By Chris Wack

United Parcel Service said Tuesday that it was making service enhancements to aid in the massive distribution efforts for Covid-19 vaccines in the coming months.

The shipping company said that as part of these enhancements, UPS Healthcare now can produce up to 1,200 pounds of dry ice per hour in its U.S. facilities to support the storage and transportation of cold chain products, such as frozen vaccines, in accordance with manufacturer storage requirements.

The increased production also allows UPS to make dry ice available for U.S. and Canadian hospitals, clinics and other points of care requiring dry ice to store vaccines locally. Dry ice will be sourced at UPS Worldport and can be available next day.

UPS said a major spike in demand is causing logistics providers to plan for what some analysts fear may be a dry ice shortage, as pharmaceutical companies strategize getting hundreds of millions of their vaccine doses safely to communities around the U.S. and internationally.

In addition to dry ice production, UPS also will launch, in collaboration with Stirling Ultracold, a joint effort to provide portable ultra-low temperature freezers. These portable freezers will be distributed and used in smaller point-of-care facilities requiring a more permanent solution for longer term freezer storage. UPS will be working with Stirling to offer the Stirling ULT25 and Undercounter Model SU105 to thermally protect critical vaccines requiring ultra-low temperatures ranging anywhere from -20 degrees Celsius to -80 degrees Celsius.

UPS Healthcare operates 128 facilities in 32 countries, and services include inventory management, temperature-controlled packaging and shipping, storage and fulfillment of medical devices, labs and clinical trial logistics.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

11-24-20 1319ET

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Financials (USD)
Sales 2020 82 558 M - -
Net income 2020 6 520 M - -
Net Debt 2020 17 743 M - -
P/E ratio 2020 21,6x
Yield 2020 2,47%
Capitalization 140 B 140 B -
EV / Sales 2020 1,91x
EV / Sales 2021 1,79x
Nbr of Employees 377 640
Free-Float 82,7%
Chart UNITED PARCEL SERVICE, INC.
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United Parcel Service, Inc. Technical Analysis Chart | UPS | US9113121068 | MarketScreener
Technical analysis trends UNITED PARCEL SERVICE, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 172,72 $
Last Close Price 161,75 $
Spread / Highest target 29,8%
Spread / Average Target 6,78%
Spread / Lowest Target -54,3%
EPS Revisions
Managers and Directors
NameTitle
Carol B. Tomé Chief Executive Officer & Director
William R. Johnson Non-Executive Chairman
George Williams President-US Operations & Senior Vice President
Brian Newman Chief Financial Officer, Treasurer & Senior VP
Juan R. Perez Senior VP, Chief Information & Engineering Officer
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