U.S. Markets close in 2 hrs 1 min
  • S&P 500

    4,395.64
    +41.45 (+0.95%)
     
  • Dow 30

    34,258.32
    +338.48 (+1.00%)
     
  • Nasdaq

    14,896.85
    +150.45 (+1.02%)
     
  • Russell 2000

    2,218.56
    +32.38 (+1.48%)
     
  • Gold

    1,768.40
    -9.80 (-0.55%)
     
  • Silver

    23.03
    +0.46 (+2.05%)
     
  • EUR/USD

    1.1696
    -0.0034 (-0.2924%)
     
  • 10-Yr Bond

    1.3360
    +0.0120 (+0.91%)
     
  • Vix

    20.87
    -3.49 (-14.33%)
     
  • GBP/USD

    1.3619
    -0.0045 (-0.3282%)
     
  • USD/JPY

    109.7800
    +0.5600 (+0.5127%)
     
  • BTC-USD

    43,043.09
    -158.86 (-0.37%)
     
  • CMC Crypto 200

    1,089.55
    +49.07 (+4.72%)
     
  • FTSE 100

    7,083.37
    +102.39 (+1.47%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

UPS CEO: We have delivered 36.5 million COVID-19 vaccines

·Anchor, Editor-at-Large
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

<INSERT INTV FROM TODAY OF UPS CEO CAROL TOME>

In a little over a month, logistics giant UPS has delivered an impressive number of COVID-19 vaccines.

“It’s a very complicated delivery. But we are pleased with how we are performing,” UPS (UPS) CEO Carol Tome told Yahoo Finance Live. “In fact, we have had about 225,000 shipments and about 36.5 million vaccines have been delivered by UPS. Our service levels are 99.99%.”

UPS’s first COVID-19 vaccine shipments in the U.S. began on Dec. 13 with the Pfizer-BioNTech (PFE, BNTX) shot. Deliveries of the shot in the European Union commenced on Dec. 26. Rival FedEx (FDX) also began shipping COVID-19 vaccines around that time, too.

LOUISVILLE, KY - DECEMBER 14: Kentucky Governor Andy Beshear watches as Byron Bishop (C), a UPS driver, loads a container of COVID-19 vaccinations on a cart at University of Louisville Hospital on December 14, 2020 in Louisville, Kentucky. Bishop is delivering Louisville's first round of Pfizer's COVID-19 vaccinations to be administered to healthcare professionals later in the morning. (Photo by Jon Cherry/Getty Images)
LOUISVILLE, KY - DECEMBER 14: Kentucky Governor Andy Beshear watches as Byron Bishop (C), a UPS driver, loads a container of COVID-19 vaccinations on a cart at University of Louisville Hospital on December 14, 2020 in Louisville, Kentucky. Bishop is delivering Louisville's first round of Pfizer's COVID-19 vaccinations to be administered to healthcare professionals later in the morning. (Photo by Jon Cherry/Getty Images)

Tome says further investment in vaccine distribution infrastructure is included in UPS’s planned $4 billion capital expenditure guidance for 2021 shared on Tuesday.

“We have already invested in the capabilities that we need for the vaccine rollout. We have stood up command centers and have two freezer farms, one in Kentucky and one in the Netherlands. We have introduced new technology that we have called UPS Premier, which is a label that we can put on the package that we can track the package along the supply chain. So we don’t need a lot of incremental investments to support the vaccines because we have been preparing for this,” Tome added.

Shares of UPS rose about 4% in today’s session as the e-commerce boom during the pandemic boosted the company’s fourth-quarter sales and profits.

Here is how UPS performed compared to Wall Street estimates.

  • Net Sales: $24.90 billion versus $22.89 billion

  • Adjusted EPS: $2.66 versus $2.14

  • U.S. Package Revenue: $15.74 billion versus $14.82 billion

  • International Package Revenue: $4.77 billion versus $4.16 billion

  • Supply Chain & Freight Revenue: $4.38 billion versus $3.34 billion

UPS and FedEx will no doubt continue to play a key role in trying to meet President Joe Biden’s goal to aggressively ramp up COVID-19 vaccination. The president said this week he thinks the country can administer 1.5 million shots a day in coming weeks. That would equate to 150 million vaccinations over the next 100 days.

Biden previously called for 100 million vaccinations in his first 100 days in office.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

Find the latest in business and finance news here.

What’s hot from Sozzi:

Watch Yahoo Finance’s live programming on Verizon FIOS channel 604, Apple TV, Amazon Fire TV, Roku, Samsung TV, Pluto TV, and YouTube. Online catch Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, and reddit.