As one of the largest package delivery service companies in the world, United Parcel Service, Inc. (UPS) generated over 91 billion U.S. dollars in revenue and had a net income of about 5.8 billion in 2024. The company's fiscal years end December 31. UPS’ operations The United Parcel Service is a package delivery and supply chain management business. Although headquartered in Sandy Spring, Georgia, UPS operates in over 220 countries worldwide. Aside from domestic and international package shipments, they also deal with airline cargo and freight operations. In 2024, UPS generated about 60.4 billion U.S. dollars in revenue through their domestic package deliveries in the United States. This includes both ground and air package transportation services. Contributing to their total revenue, UPS generated over 12.7 billion U.S. dollars worldwide in their supply chain operations that year. Between international and domestic package revenue, domestic package delivery generated more money, bringing in 60. billion U.S. dollars, compared to international delivery which brought in 18 billion U.S. dollars in 2024.The parcel market in the U.S. UPS holds the highest percentage of the market in the United States, maintaining 35 percent of it. Customer service is very important for a company to generate revenue and grow their business. In 2024, UPS had an American Customer Satisfaction Index score of 78. Its competitor, FedEx, received a score of 80, whereas U.S. Postal Service received 73.
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UPS retained earnings (accumulated deficit) for the quarter ending March 31, 2025 were $19.939B, a 3.59% decline year-over-year. UPS retained earnings (accumulated deficit) for 2024 were $20.882B, a 0.82% decline from 2023. UPS retained earnings (accumulated deficit) for 2023 were $21.055B, a 1.27% decline from 2022. UPS retained earnings (accumulated deficit) for 2022 were $21.326B, a 31.81% increase from 2021.
In 2021, UPS' turnover slightly increased to reach nearly 1.24 billion British pounds. In that same year, the U.S.-based courier company held eight percent of the UK parcel market.
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UPS total non-operating income/expense for the twelve months ending March 31, 2025 was $-1.092B, a 74.44% increase year-over-year. UPS annual total non-operating income/expense for 2024 was $-1.026B, a 80.63% increase from 2023. UPS annual total non-operating income/expense for 2023 was $-0.568B, a 132.81% decline from 2022. UPS annual total non-operating income/expense for 2022 was $1.731B, a 54.27% decline from 2021.
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UPS comprehensive income for the quarter ending March 31, 2025 was $-4.288B, a 13.41% increase year-over-year. UPS comprehensive income for 2024 was $-4.309B, a 14.66% increase from 2023. UPS comprehensive income for 2023 was $-3.758B, a 142.61% increase from 2022. UPS comprehensive income for 2022 was $-1.549B, a 52.75% decline from 2021.
In 2021, ** percent of healthcare startups in Poland achieved revenues of more than 100 thousand zloty from sales of their main product/service. In contrast, *** percent of startups achieved sales revenues of more than **** million zloty.
In 2022, the United Parcel Service (UPS) held the largest share of the United States' (U.S.) express and courier service market based on revenue. That year, the UPS controlled ** percent of the U.S. market, while FedEx controlled **** percent of the market.
Over ten percent of all legal tech startups in France reported a growth of revenue of over 300 percent between 2020 and 2021. During the same period of time, 47 percent of all start ups of this kind experienced a revenue growth of 11 to 100 percent.
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The GCC International Express Service Market is experiencing robust growth, driven by the region's expanding e-commerce sector, burgeoning tourism, and increasing cross-border trade. The market's size in 2025 is estimated at $2.5 billion, projected to grow at a CAGR of 8% from 2025-2033. This expansion is fueled by factors such as rising disposable incomes, improved logistics infrastructure, and the increasing adoption of advanced technologies like automated sorting systems and real-time tracking within the express delivery industry. The e-commerce segment is a significant contributor to this growth, accounting for approximately 40% of the market share in 2025. Furthermore, the rise of businesses seeking faster, more reliable international shipping options for diverse industries including healthcare, manufacturing, and financial services is also boosting market demand. However, factors such as stringent regulatory frameworks and fluctuating fuel prices present challenges to sustained growth. The market segmentation reveals that heavy-weight shipments contribute a larger share to the revenue due to the high-value nature of many goods transported internationally. Significant growth is anticipated in the light-weight shipment segment driven by the booming e-commerce sector, which predominantly deals with smaller parcels. Key players, including Aramex, DHL, FedEx, and UPS, dominate the market with their extensive networks and established brand reputation. While these established players hold significant market share, the emergence of smaller regional players and innovative tech-driven delivery services offers promising future market dynamics. Regional analysis indicates that the GCC itself constitutes the largest market segment, followed by North Africa and other Middle Eastern regions. Further market penetration will rely on the consistent expansion of both existing players and emerging innovative logistics solutions within the region. Recent developments include: April 2023: Qatar Post ordered a new parcel sortation system based on autonomous mobile robot (AMR) technology developed and supplied by Libiao Robotics to improve its sortation systems used within parcel service operations.March 2023: Aramex signed a joint venture with AD Ports Group, one of the leading global trade, logistics, and industry facilitators, to develop and operate a new Non-Vessel Operating Common Carrier (“NVOCC”) enterprise.February 2023: Aramex's annual net profit dropped by 27% to USD 45.02 million due to currency fluctuations in certain markets, primarily in Lebanon and Egypt. Its 2022 revenue was broadly in line with 2021, while Q4 2022 revenue decreased 5% to USD 0.416 billion.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
In the fiscal year of 2024, FedEx generated nearly 88 billion U.S. dollars in revenue. FedEx is ranked among the leading logistics companies in the United States. FedEx's fiscal year ends May 31. Rise of private parcel services FedEx and other private parcel services became more prominent due to a lack of satisfaction with the United States Postal Service (USPS). Tennessee-headquartered FedEx offers both air and ground courier operations including third-party logistics operations. The company’s key competitors include Georgia-based UPS (United Parcel Service of North America, Inc.), YRC Worldwide and Deutsche Post DHL. In 2021, FedEx was the second-largest for-hire carrier and the leading less-than-truckload (LTL) carrier in the United States. Changing landscape of the industry As a result of the world’s growing digitization, the industry has gone through several innovation processes, including the use of GPS* and RFID** technology to track vehicles and parcels. While the ubiquity of electronic mailing continues to trouble the USPS, courier services remain the beneficiaries of growing online retail sales: End customers as well as businesses are increasingly buying physical items online, and these items require delivering. Moreover, parcel processing systems that are able to sort through 20,000 packages in one hour have made the industry more efficient. Satellite computer systems have also improved the state of monitoring Internet-connected courier fleet trucks. * Global Positioning System ** Radio-frequency Identification
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The GCC International Express Service Market is experiencing robust growth, driven by the region's burgeoning e-commerce sector, expanding logistics infrastructure, and increasing cross-border trade. A compound annual growth rate (CAGR) exceeding 4% indicates a consistently expanding market, projected to reach significant value by 2033. Key drivers include the rapid adoption of online shopping, particularly in the UAE and Saudi Arabia, fueling demand for swift and reliable international shipping solutions. Furthermore, government initiatives aimed at diversifying economies and attracting foreign investment contribute to increased trade volumes, further stimulating market expansion. The market is segmented by shipment weight (light, medium, heavy) and end-user industry (e-commerce, BFSI, healthcare, manufacturing, primary industry, wholesale/retail, others), offering diverse opportunities for service providers. While challenges such as geopolitical instability and fluctuating fuel prices may act as restraints, the overall positive economic outlook and advancements in technology (such as automated sorting and delivery optimization) are expected to mitigate these effects, maintaining a strong growth trajectory. The competitive landscape is characterized by a mix of global giants like UPS, FedEx, and DHL, alongside regional players such as Aramex and national postal services. These companies are continuously investing in infrastructure improvements, technological upgrades, and strategic partnerships to enhance their service offerings and cater to the evolving needs of customers. The market's regional distribution likely reflects the varying levels of economic development and e-commerce penetration across the GCC countries. Areas with higher GDP per capita and advanced digital infrastructure tend to have a larger share of the market. Future growth will likely be influenced by factors such as the continued expansion of e-commerce, government regulations impacting logistics, and the adoption of innovative technologies within the express delivery sector. Sustained focus on enhancing delivery speed, reliability, and tracking capabilities will be crucial for companies seeking to thrive in this competitive and expanding market. Recent developments include: April 2023: Qatar Post ordered a new parcel sortation system based on autonomous mobile robot (AMR) technology developed and supplied by Libiao Robotics to improve its sortation systems used within parcel service operations.March 2023: Aramex signed a joint venture with AD Ports Group, one of the leading global trade, logistics, and industry facilitators, to develop and operate a new Non-Vessel Operating Common Carrier (“NVOCC”) enterprise.February 2023: Aramex's annual net profit dropped by 27% to USD 45.02 million due to currency fluctuations in certain markets, primarily in Lebanon and Egypt. Its 2022 revenue was broadly in line with 2021, while Q4 2022 revenue decreased 5% to USD 0.416 billion.. Key drivers for this market are: 4., Increasing production of chemical and allied products driving the market4.; Rising demand for green warehouses. Potential restraints include: 4., Stringent Rules and Regulations4.; Higher Costs. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
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According to Cognitive Market Research, the global Artificial Intelligence Software System Market size will be XX million by 2033, whereas its compound annual growth rate (CAGR) will be XX% from 2025 to 2033. North America held the largest share of the global Artificial Intelligence Software System market around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2025 to 2033. Asia Pacific held a market share of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2025 to 2033. Europe accounted for a share of over XX% of the global market size of USD XX million. The Latin American market is around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2025 to 2033. Middle East and Africa held the major market of around XX% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of XX% from 2025 to 2033.
Market Dynamics of the Artificial Intelligence Software System Market Key Drivers of the Artificial Intelligence Software System Market
Rising investment in AI start-ups will drive the growth of Artificial Intelligence Software System market
The future growth of the artificial intelligence (AI) software sector is expected to be fuelled by the increasing investments in AI startups. Companies that specialize in developing and implementing artificial intelligence (AI) solutions to solve specific problems or meet consumer demands are referred to as AI startups. Because of the increasing demand for AI solutions in industries, as well as their scalability and affordability, investments in AI firms are growing. Through promoting marketing and sales efforts, investment in AI startups will enable AI companies to increase their market share and encourage usage of software solutions. For instance, Frame is developing one of the top customer success platforms through offering top-ranked artificial intelligence software around a strong solutions framework with the goal of addressing many customer issues. https://explodingtopics.com/blog/ai-startups By constructing "The Voice of the Customer engine", teams would be able to use Frame to identify trends among customers, recognize customer retention or acquisition patterns, and convert qualitative feedback into quantitative information for leadership. For instance, on November 26, 2024, Meesho rolled out a multilingual Gen AI-powered chatbot intended to manage shoppers' inquiries. https://www.thehindu.com/sci-tech/technology/meesho-launches-multilingual-gen-ai-powered-chatbot-to-handle-shoppers-queries/article68913793.ece This chatbot provides customized, human-like support in various languages such as Hindi and English. It is designed to work effectively even on low-end smartphones and in noisy conditions, so it is available to users across a broad spectrum. The chatbot already processes around 60,000 calls per day and has a resolution rate of 95%, which greatly lowers the requirement for human intervention. Therefore, rising investment in AI start-ups will drive the growth of artificial intelligence software system market.
Restraint of the Artificial Intelligence Software System Market
Ethical concerns regarding AI use may hamper the artificial intelligence software system market growth
AI ethics issues include fairness, bias, privacy, accountability, transparency, and possible societal effects, requiring thoughtful consideration to make AI development and application positive and responsible. AI systems can inherit and magnify biases in the training data, resulting in discriminatory results. Biases may occur due to the data, algorithms, or implementation of the models. This can lead to discriminatory or unfair treatment of groups or individuals based on such factors as socioeconomic status, gender, or race. AI systems tend to need access to a lot of data, including sensitive personal data, with attendant privacy implications. For instance, UNESCO's 193 Member States voted on the Recommendation on the Ethics of Artificial Intelligence in November 2021 and adopted it as the first worldwide standard-setting d...
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China's International Express Service industry has experienced substantial growth in the past decade, mainly due to improving economic conditions, rising residential income levels and better infrastructure. Industry performance is also closely related to China's cross-border ecommerce market development. Industry revenue is expected to grow at an annualized 12.9% over the five years through 2024, to $21.5 billion. This includes 7.0% growth in 2024.The cross-border ecommerce market has developed rapidly, benefiting from more Internet users and government support. As of 2023, the number of Internet users in China has reached 1.1 billion and the Internet penetration rate across the total population also increased, to 77.5%. Cross-border ecommerce trade's share of China's total import and export value of goods reached 5.7% in 2023. In the five years to 2024, China's total international courier volume is expected to rise at an average rate of 19.3%, to 3.5 billion units.Total international courier volume decreased by 4.1% from 2021 due to the COVID-19 outbreak, a much lower volume compared with previous years. This is mainly because the COVID-19 pandemic's repetitive cycles resulted in the reduction or suspension of international flights which reduced transportation efficiency and increased transportation costs.Industry revenue is forecast to rise an annualized 9.0% over the five years through 2029, to $33.1 billion. China's economic recovery and heightened international trade – prompted by China's ascension to the World Trade Organization – will continue to support industry growth. The new Regional Comprehensive Economic Partnership free trade agreement will also stimulate international trade between China and other member countries, further growing international express services demand. The development of technology and systems relevant to international express activities is forecast to improve rapidly over the coming years. Industry productivity and efficiency are forecast to improve.
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According to Cognitive Market Research, The Global EVTOL Aircrafts market size is USD 1.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 52.80% from 2023 to 2030.
The demand for EVTOL Aircrafts is raising due to the electric motor technological advances, increasing demand for eco-friendly transport.
Demand for fully electric remains higher in the EVTOL Aircrafts market.
The lift plus cruise category held the highest EVTOL Aircrafts market revenue share in 2023.
North American EVTOL Aircrafts will continue to lead, whereas the Asia Pacific EVTOL Aircrafts market will experience the most substantial growth until 2030.
Technological Advancements and Innovation in EVTOL Aircraft Design to Provide Viable Market Output
A primary driver in the Electric Vertical Takeoff and Landing (EVTOL) Aircraft market is the relentless pursuit of technological advancements and innovation in aircraft design. As the industry experiences rapid progress in electric propulsion, battery technologies, and aerodynamics, manufacturers are developing increasingly efficient and sustainable EVTOL aircraft. Innovations such as distributed electric propulsion, advanced materials, and autonomous flight systems contribute to enhanced performance, longer ranges, and reduced environmental impact.
June 2021 - Eve Urban Air Mobility received an order for 200 four-passenger eVTOL air taxi from Halo, a Directional Aviation brand created by the alignment of Associated Aircraft Group (AAG) in the U.S. The deliveries of the aircraft are expected to begin by 2026.
(Source: verticalmag.com/news/directional-aviation-halo-orders-200-eve-evtol-aircraft/)
Increasing Demand for Efficient Transportation Solutions to Propel Market Growth
The surge in interest and investment in Urban Air Mobility (UAM) serves as a key driver propelling the EVTOL Aircraft market forward. With growing urbanization, congestion in city centers, and the need for efficient transportation alternatives, EVTOL aircraft emerge as a viable solution for short-distance air travel. The demand for urban air transportation, characterized by quick point-to-point connectivity, is met by EVTOL aircraft, offering the potential to alleviate traffic congestion and provide a time-efficient mode of transportation. The market dynamics are shaped by the rising demand for UAM solutions, positioning EVTOL aircraft as integral to the future of urban transportation and offering a sustainable, aerial mobility option for urban dwellers.
April 2021 - United Parcel Service signed a contract to purchase 150 e-VTOL aircraft from Beta Technologies to start time-sensitive zero-emissions deliveries. The aircraft deliveries are expected to begin by 2024.
(Source: newatlas.com/aircraft/ups-plans-deliveries-via-evtol-2024/#:~:text=UPS%20has%20signed%20a%20deal,on%2Dsite%20at%20UPS%20depots)
Market Dynamics Of The eVTOL Aircrafts
Infrastructure Limitations for UAM Integration to Restrict Market Growth
The successful integration of Electric Vertical Takeoff and Landing (EVTOL) Aircraft into urban air mobility systems faces challenges associated with existing infrastructure limitations. The establishment of vertiports, charging infrastructure, and air traffic management systems tailored for EVTOL operations requires substantial investment and coordination between aviation stakeholders and urban planners. The lack of a standardized infrastructure framework poses a restraint, slowing down the scalability and implementation of EVTOL services. Overcoming these infrastructure limitations becomes crucial for the market's growth, demanding collaborative efforts among industry players, governments, and urban development authorities to create a supportive ecosystem for the seamless integration of EVTOL aircraft into urban transportation networks.
Impact of COVID-19 on the EVTOL Aircrafts Market
The COVID-19 pandemic had a profound impact on the Electric Vertical Takeoff and Landing (eVTOL) Aircraft market, creating challenges and disruptions within the burgeoning industry. With global travel restrictions, lockdowns, and economic uncertainties, the aviation sector, including eVTOL manufacturers, faced delays, financial strains, and a reassessment of investment priorities. The pandemic-induced economic downturn led to reduced funding, delayed development timelines, and a cautious approach by potential investors. Re...
According to a June 2021 survey of small to medium sized enterprises (SMEs) in Australia, **** percent of SMEs were in the growth/expansion phase with an annual revenue of ** to ** million Australian dollars. By comparison, start-ups with annual revenues between *** and *** million Australian dollars accounted for *** percent of Australian SMEs in 2021.
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The industry comprises eight Gas Distribution Networks (GDNs) across Great Britain, owned by four companies operating regional monopolies. Gas distributors are heavily regulated through price control frameworks set by Ofgem in the UK and NIAUR in Northern Ireland to protect consumers. Over the five years through 2025-26, gas distributors' revenue is forecast to decline at a compound annual rate of 0.8% to £5.2 billion. A downward trend in natural gas consumption has weighed on allowed revenue in recent years, though the impact of changing consumption trends has been mitigated by constant investment in GDNs to improve efficiency, which has been reflected by price controls. Soaring wholesale gas prices spurred an increase in shrinkage costs in 2021-22, leading to a cut to operating profitability. Price control adjustments allowed gas distributors to recover these cost increases, spurring a jump in revenue and profitability in 2022-23. These costs continued to be recovered in 2023-24, though declining consumption spurred a dip in capacity income, weighing on revenue allowances during the year. Revenue allowances continued to fall in 2024-25, reflecting a reduction in shrinking costs and adjustments made based on Supplier of Last Resort (SoLR) costs. Revenue is set to record renewed growth of 1.6% in 2025-26, supported by revenue true-ups to ensure that deferred revenue from previous periods is settled before moving on to the next price control period. Looking forward, the rising efficiency of GDNs, the rollout of smart meters and the decarbonisation of the energy system will influence gas distributors' revenue. Over the five years through 2030-31, revenue is forecast to climb at a compound annual rate of 1.2% to reach £5.6 billion. Major investment required to decarbonise GDNs, such as innovations to help displace natural gas with biomethane, will necessitate a boost in revenue allowances. Although specific details are yet to be released, Ofgem’s Sector Specific Methodology Decision (SSMD) indicates a potential increase in the allowed cost of equity for RIIO-GD3, boosting revenue and operating profit. Shrinkage costs are expected to decline as gas leak detection systems continue to improve. This is set to ease pressure on operating profit in the coming years.
This chart shows the profiles of employees sought by digital start-ups in France in 2021, according to their work position. It appears that ** percent of French digital startups were looking employees for working in sales and marketing departments.
In financial year 2022, India's most valued start-up BYJU'S - The Learning App reported a revenue of around ** billion Indian rupees. This was a significant increase from the previous year when the revenue was nearly ** billion rupees.Bengaluru-based BYJU'S was founded by Byju Raveendran and Divya Gokulnath in 2008. In mid-2021, the company was worth **** billion U.S. dollars, with over *** billion dollars in funding from the first half of that year.
In August 2021, ship-to-home (by shipping companies like UPS and FedEx) online grocery was used by **** percent of online grocery users in the United States. This is a significant decrease from March 2020, when ** percent of users used this delivery method. Both delivery (third-party and retailer) and pickup (retrieval at retailer or delivery locations) increased in usage over this period.
According to a June 2021 survey of small to medium sized enterprises (SMEs) in Australia, **** percent of SMEs were manufacturing companies in the growth/expansion phase. By comparison, construction start-ups accounted for *** percent of Australian SMEs in 2021.
As one of the largest package delivery service companies in the world, United Parcel Service, Inc. (UPS) generated over 91 billion U.S. dollars in revenue and had a net income of about 5.8 billion in 2024. The company's fiscal years end December 31. UPS’ operations The United Parcel Service is a package delivery and supply chain management business. Although headquartered in Sandy Spring, Georgia, UPS operates in over 220 countries worldwide. Aside from domestic and international package shipments, they also deal with airline cargo and freight operations. In 2024, UPS generated about 60.4 billion U.S. dollars in revenue through their domestic package deliveries in the United States. This includes both ground and air package transportation services. Contributing to their total revenue, UPS generated over 12.7 billion U.S. dollars worldwide in their supply chain operations that year. Between international and domestic package revenue, domestic package delivery generated more money, bringing in 60. billion U.S. dollars, compared to international delivery which brought in 18 billion U.S. dollars in 2024.The parcel market in the U.S. UPS holds the highest percentage of the market in the United States, maintaining 35 percent of it. Customer service is very important for a company to generate revenue and grow their business. In 2024, UPS had an American Customer Satisfaction Index score of 78. Its competitor, FedEx, received a score of 80, whereas U.S. Postal Service received 73.