UPS is expanding its health-care facilities in Louisville with a goal of doubling revenue from the business by 2026.
Photographer: Scotty Perry/BloombergTransportation
Health Care Is UPS’ $20 Billion Lifeline to Offset Shipping Slowdown
The parcel company is focusing on more profitable services — and ditching tradition in the process.
United Parcel Service Inc. has been quietly building a health-care empire to offset stagnating revenue in its core package-delivery business.
Specialized logistics services, unlike standard brown-box delivery, have appealing profit margins. A customer who needs injectable medicines shipped overnight in a refrigerated box is willing to pay a hefty premium.