publicly traded security to make strategic acquisitions. Prior to this, UPS had been owned primarily
by management employees, a practice established by Jim Casey in the 1920s when he gave staff
the opportunity to purchase company shares. After 92 years as a private company, UPS went public
in one of the largest corporate initial public offering (IOP).
By 2005, UPS was the world’s largest package-delivery company, as well as a leading global
provider of specialized transportation and logistics services. It served more than 200 countries and
territories worldwide. UPS airlines, is one of the largest logistic airlines in the United States. In
2001, UPS ventured toward retail business by acquiring Mail Boxes Etc., Inc., the world’s largest
franchisor of retail shipping, postal and business service centers. Within two years, approximately
3,000 Mail Boxes Etc. locations in the United States re-branded as The UPS Store and began
offering lower UPS-direct shipping rates. The stores remain locally owned and operated, and
continue to offer the same variety of postal and business services, with the same convenience and
world-class service. UPS continues to expand service worldwide. In Europe, Asia, and South
America, customers enjoy an unmatched portfolio of time-definite and supply chain services. With
a workforce of 384,000, only Wal-Mart and McDonald’s had more employees. In September, 2010
UPS launched a new brand platform to promote the company’s expanded logistics and supply chain
management capabilities.
Since becoming a publicly traded company in 1999, UPS has significantly expanded the scope of
its capabilities primarily through the acquisition of more than 40 companies, including industry
leaders in trucking and air freight, retail shipping and business services, customs brokerage,
finance and international trade services. As a result, UPS‘s relationship with many of its customers
has deepened to include much more than basic transportation services.