Snow falls at United Parcel Service WorldPort Hub in Louisville at the Muhammad Ali International Airport in Louisville.
United Parcel Service Inc expects to exceed $100 billion in global revenue in 2023, said the world's biggest parcel delivery company on Wednesday as it announced its three-year financial targets.
The firm forecast full-year revenues between $98 billion to $102 billion for 2023, compared with the average analyst estimate of $100.19 billion according to Refinitiv data. It had reported a full-year revenue of $84.6 billion in 2020.
UPS has also said that it will be carbon-neutral in its global operations by 2050 across scope 1, 2 and 3 emissions.
Scope 1 refers to emissions from a company's direct operations, while scope 2 emissions result from the power that a company uses for its operations, such as gas-powered electricity purchased.
Scope 3 emissions are the result of activities from assets that are not owned or controlled by the reporting organization, but directly have impacts on the organization in its value chain.