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BusinessTuesday, November 3

UPS says data center logistics could be a $15 billion opportunity as revenue grows

The Daily Alpharetta teamFrom today’s edition · 1 min read · 2 sources

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UPS has a new target, and it's data centers. On its latest earnings call, CEO Carol Tomé put the logistics opportunity tied to data centers at $15 billion. The Sandy Springs-based company says it's leaning into complex logistics "because that's where we provide the most value for customers."

$15 billionUPS's estimate of logistics opportunities tied to data centers

CEO Carol Tomé gave the figure on the company's latest earnings call.

Source: WSB-TV

The quarter was strong. UPS brought in nearly $22.9 billion in third-quarter revenue, up 6.7%.

  • Quarter ended: Sept. 30
  • Packages: fewer carried, with more charged per package
  • Fuel: higher expense drove part of the per-package increase
  • Profit: declined in the third quarter
  • Outlook: raised for this year

UPS grew revenue 6.7% and its high-tech small package business 30%

6.7%
revenue growth in the third quarter
30%
growth in the high-tech small package business

Sources: WSB-TV, ajc

Sources: WSB-TV, ajc

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