United Parcel Service to Invest Over $2 Billion Across Businesses

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United Parcel Service (UPS) will invest more than $2 billion across its International, Healthcare, and Supply Chain Solutions businesses between 2024 and 2028, the company said Monday.

The company said ongoing investments across Europe, Asia-Pacific, and the Americas are intended to help businesses navigate changing trade routes, regulations, and supply chain uncertainties.

Projects currently underway as part of the investments include a new hub at Clark Airport in the Philippines set to open in Q4, a new facility in Barrie, Ontario in 2027, and a new air hub at Hong Kong International Airport in 2028, United Parcel Service said.

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