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UPS reported 14.5% year over year revenue growth in Q2’21 with a 7.1% drop in domestic, deferred package deliveries being offset by higher shipping rates and a surge in freight forwarding revenues. The domestic package decline was because “many of our brick-and-mortar enterprise... Read more →
Ups Ocean Freight Services Inc
Shipping Company Profile
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SCAC: UPOF
Shipments Processed
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1,067,391Shipments Processed (U.S. Imports)
Shipments by Month
TEUs by Month
Research
Suppliers
24,777
Suppliers shipping with UPOF
Top UPOF Suppliers
Buyers
13,824
Buyers shipping with UPOF
Top UPOF Buyers
Vessels
5,365
Vessels used by UPOF
Top UPOF Vessels
Foreign Ports
229
Foreign Ports used by UPOF
Top UPOF Foreign Ports
- Yantian
- Shanghai
- Hong Kong
U.S. Ports
53
U.S. Ports used by UPOF
Top UPOF U.S. Ports
- Port of Long Beach
- The Port of Los Angeles
- Port of Virginia
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Top Supplier Locations
loading map...Shipment Statistics for Ups Ocean Freight Services Inc
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1,067,391Total shipments
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2,259,067 TEUsTotal volume
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2.12 TEUsAverage shipment size
Shipments by month
Shipment Market Share (%)
TEUs by month
TEU Market Share (%)
Recent Panjiva Research about Ups Ocean Freight Services Inc
UPS forwarding surges ahead with autos, healthcare driving growth
Logistics provider UPS has reported a 21.0% year over year increase in revenues for Q4’20, beating analysts expectations by 9.0 percentage points. Outside the core package business there was a 40.1% surge in forwarding revenues, accelerating from 19.1% growth in Q3’20. The expan... Read more →
UPS’s Vietnam expansion could target Longi Solar, Nintendo as new clients
UPS has taken full control of its Vietnamese operations with a view to providing a more integrated set of third party logistics services to its customers. The firm’s region head has stated that “notwithstanding an emerging second wave, Vietnam is in a prime position for a quick ... Read more →
UPS joins list of logistics street-beaters in wake of COVID-19
UPS has become the latest logistics firm to beat analysts’ expectations for Q2 with revenue growth of 13.3% year over year compared to a 4.0% decline in analysts’ forecasts. The firm has benefited from “changes in demand that emerged from the pandemic” according to C... Read more →
Beyond COVID-19, trade war worries resume – May 2020 in 10 reports
As the COVID-19 pandemic appears to start to wane and industrial economies reopen, our readers’ attention is starting to turn towards the next challenges facing global supply chains. Based on the most-read Panjiva Research last month, the focus has turned to the prospects of a renewed... Read more →
China’s unreliable entities list could put U.S. logistics providers at risk
Rhetoric between China and the U.S. is worsening. The Chinese government has threatened to put an “unreliable entities list” in place to target companies that “fail to comply with market rules, deviate from the spirit of the contract” and other criteria. The list may... Read more →
Panjiva Daily: Finding winners in Trump’s Make in America plan; “unreliable entities” list risks
The Trump administration could launch a Make in America plan to incentivize manufacturers to return to the U.S. – we screen for potential beneficiaries. China may put its “unreliable entities list” in place, bringing risks for the logistics industry. Also: PVH, H&M su... Read more →
UPS faces costs from COVID-19 changes, European slowdown in Q2
UPS reported a 5.1% year over year increase in revenues in Q1, led by a surge in the domestic package business as home shopping took off on the back of COVID-19 lockdowns. The firm has also moved “millions of pounds of PPE and test kit” as part of the effort to tackle the pandem... Read more →
Panjiva Daily: UPS tackles COVID-19 with retooling; financial wins and risks from coronavirus
UPS saw a growth in revenues but drop in profits due to the coronavirus outbreak – the first signs in April are that trade is continuing to fall. Firms face a variety of financial impacts from COVID-19 with Sri Trang planning an IPO and Continental concerned about suppliers. Also: J.C... Read more →
UPS, CMA-CGM see beginning of the end to COVID-19 disruptions
The logistics industry may be seeing the first signs of an end to COVID-19 coronavirus related disruptions in China. Airfreight industry association IATA warned that the outbreak “has severely disrupted global supply chains” with data showing global airfreight volumes fell by 3.... Read more →
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