Close Menu
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
What's Hot

Student-Loan Borrowers Still Not Forced Off SAVE, Legal Filing Says

November 10, 2026

California Voters Reject Billionaire Tax That Tech Elite Tried to Stop

November 10, 2026

California voters reject Prop. 40 billionaire wealth tax, CBS News projects

November 10, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated

Subscribe to USTaxNews

* indicates required

Subscribe for Tax Updates

Get the latest IRS news, tax tips, and deadlines delivered to your inbox.

style="display:none">
Facebook X (Twitter) Instagram
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
  • Home
  • Audit
  • Finance
  • IRS
  • Legal
  • Tax News
  • Tax preparation
  • Tax Tips
  • USA Accounting
USTaxNews.live – Your Trusted Source for U.S. Tax & Finance Updates
Home » UPS investing $2 billion in international and other businesses
Finance

UPS investing $2 billion in international and other businesses

EditorBy EditorAugust 24, 2026No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


A person walks past a UPS delivery truck outside a UPS distribution center on March 17, 2026, in New York City.

Gary Hershorn | Corbis News | Getty Images

United Parcel Service is investing more than $2 billion into its business across its international, healthcare and supply chain solutions businesses, the company told CNBC exclusively on Monday.

The ongoing investments began in 2024 and will continue through 2028, but UPS said it had not previously disclosed the total investment. The shipping giant said the aim is to help businesses move faster and stay adaptable to changing macroeconomic pressures and global supply chain disruptions.

“These investments are really aligned to one of our big strategic areas of focus, which is creating capabilities to enable our customers, particularly in complex industries, to more effectively run their global supply chains,” Scott Szwast, vice president of international strategy, told CNBC.

Some of the projects under the investment include a new hub in the Philippines this year, a new Canadian facility opening next year in Ontario and a new air hub at Hong Kong International Airport in 2028.

UPS has launched a tech-enabled logistics center in Taiwan and a supply chain solutions facility in Amsterdam that combines freight, brokerage and cold-chain solutions. Szwast said the new logistics center in Taiwan has been able to leverage automation and robotics to increase the total supply chain speed by a day.

The logistics company also said it now has flights running five times a week between Paris and Hong Kong and between Shenzhen, China, and Sydney to meet growing demand.

Szwast said as global supply chains get more complicated, certain global markets, like those across Asia, are becoming more important for companies than they were before.

“What they find in a lot of cases is that their supply chains look more like their histories than their strategies,” he said. “They need very agile, very effective solutions to connect these new parts of their businesses. They need a lot of optionality and a lot of flexibility, and that’s what we’re investing in.”

UPS also recently announced a $48 million investment into 27 temperature-controlled facilities across its network to supplement its healthcare initiatives, including the shipment of temperature-sensitive medications like GLP-1 drugs. That announcement came as logistics companies around the globe are racing to stay ahead of growing demand in niche areas like cold-chain storage.

Especially as macroeconomic pressures disrupt global supply chains, Szwast said, businesses have been increasingly trying to ensure they don’t have “all their operational eggs in one basket.” At the same time, those companies are also innovating new products with new shipping needs at rates not seen before, he added.

Szwast said the investments will help UPS differentiate its end-to-end logistics offerings, ensuring the logistics company can equip businesses from the first step to the last step of the shipping process.

“We’re investing to give them tailored capabilities aligned to the needs of their specific industries that cover the markets they’re increasingly sourcing from and distributing to, and do it in a way that they can make commitments to their customers,” Szwast said.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editor
  • Website

Related Posts

Skydance $6 billion cost savings breakdown

November 9, 2026

Lucid Group (LCID) earnings Q3 2026

November 9, 2026

Children’s Place files for Chapter 11, seeks buyer

November 9, 2026
Leave A Reply Cancel Reply

News
Finance

Skydance $6 billion cost savings breakdown

Skydance is pulling back the curtain on how it plans to achieve at least $6…

Lucid Group (LCID) earnings Q3 2026

November 9, 2026

Children’s Place files for Chapter 11, seeks buyer

November 9, 2026
Top Trending
IRS

IRS updates 2027 tax brackets and raises standard deduction to $16,600

The Big Money Show analyzes the latest tax votes as Florida voters…

IRS

IRS CEO Frank Bisignano says mobile app will combat fraud and theft

IRS CEO Frank Bisignano says the agency’s new mobile app will let…

IRS

Chinese national detained, indicted in $360K fake Microsoft tech support scam

Rep. Brett Guthrie, R-Ky., discusses how the United States should handle the…

Subscribe to News

Please enable JavaScript in your browser to complete this form.
Loading

Welcome to USTaxNews.live – Your Trusted Source for U.S. Tax, Accounting, and Financial News.

At USTaxNews.live, we’re committed to delivering accurate, timely, and practical information on everything related to U.S. taxes, IRS updates, legal issues, accounting practices, and the broader financial landscape. Whether you’re a taxpayer, accountant, legal professional, or business owner, we’re here to help you stay informed and ahead of change.

Our Picks

California voters reject Prop. 40 billionaire wealth tax, CBS News projects

November 10, 2026

Mark Zuckerberg threatened to leave California over proposed billionaire tax, Meta says

October 22, 2026

California billionaire tax could leave state with less revenue, Stanford study cautions

October 19, 2026

Subscribe to Updates

Please enable JavaScript in your browser to complete this form.
Loading
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 ustaxnews. Designed by ustaxnews.

Type above and press Enter to search. Press Esc to cancel.