Driven by a contraction in volumes across all categories, as well as a decreasing fuel surcharge, UPS’s group revenue fell 9.3% in 2023 to reach €87.4bn.

UPS’s total daily average parcel volume declined by 8.2% in 2023, driven by an 8.5% decline in daily average domestic volumes and a 7.0% decline in daily average international volumes.

 

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