{
  "url": "https://struct.news/briefs/ups-sold-more-but-each-piece-got-costlier-to-move",
  "title": "UPS sold more, but each piece got costlier to move",
  "summary": "Cost per piece climbed 16.8% in the three months ended June 30, helping cut operating margin to 4.1%.",
  "published_at": "2026-08-05T19:53:57.461342+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "United Parcel Service, Inc.",
    "ticker": "UPS",
    "cik": "1628280",
    "sector": "Industrials",
    "industry": "Integrated Freight & Logistics"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-05",
    "accession": "0001628280-26-053249",
    "url": "https://www.sec.gov/Archives/edgar/data/1090727/000162828026053249/ups-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-06",
    "url": "https://www.sec.gov/Archives/edgar/data/1090727/000109072725000064/ups-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 88661000000,
      "display": "$88.7B",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-053249",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -2.6452179642033613,
      "display": "-2.6%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-053249",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 8.873123470296974,
      "display": "+8.9%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-053249",
        "filing_date": "2026-08-05"
      }
    }
  ],
  "watch_next": [
    {
      "type": "demand",
      "statement": "UPS reported a planned reduction in air volume from its largest customer, with average daily air volume down 2.3% during the three months.",
      "importance": "medium",
      "evidence": "Within our air products, average daily volume decreased 2.3% for the quarter (down 5.7% year to date), driven by the continued execution of planned volume declines from our largest customer, partially offset by growth from SMB and healthcare customers.",
      "source_date": "2026-08-05"
    }
  ],
  "related_tickers": [
    "UPS"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}