SANDY SPRINGS, Ga. — Sandy Springs-based United Parcel Service reported strong earnings in its latest quarterly update, but the company’s leaders are eyeing data centers for the future of its business.
In addition to a nearly 7% increase in revenue and growth across all of its current business sectors, even after drastically reducing its business with Amazon in early 2025.
Comments from CEO Carol Tomé which were shared with Channel 2 Action News say UPS is eyeing data centers as a possible source of revenue, to the tune of possibly $15 billion.
During the company’s latest earnings call, Tomé said the company had an opportunity for growth on the logistics side of business, for Supply Chain Solutions.
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“With the explosion of data center growth here in our country, the logistics opportunities are enormous,” Tomé said. “In fact, we estimate the logistics opportunities associated with data centers alone, is $15 billion.”
The CEO said that in the third quarter, UPS’ high-tech small package business grew 30%.
Adding on to Tomé’s commentary, a UPS spokesperson said the company was leaning more into complex logistics solutions “because that’s where we provide the most value for customers.”
UPS said logistics was also the area they have a competitive advantage, thanks to their end-to-end portfolio.
“The movement of the complex materials to power data centers is a global, end-to-end supply chain opportunity. It requires the logistics expertise, network reliability and technology-powered solutions that UPS delivers better than anyone else,” the company said.
Tomé also told investors that UPS healthcare and high tech were among the areas pushing their business forward.
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