Risk Sleuth
UPS · 10-K filed 17 Feb 2026 · year to 31 Dec 2025

United Parcel Service

31 named things its latest annual report says its results depend on, each in the company's own words. 24 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Amazon.com, Inc.

earns from · approximately 10.6% of our consolidated revenuesnamed as a risk
In 2025, one customer, Amazon.com, Inc. and its affiliates, represented approximately 10.6% of our consolidated revenues, substantially all of which was within our U.S. Domestic Package segment.Business (Item 1)

Also named by HAS, ORLY

Partners and platforms

United States Postal Service (USPS)

depends on
Furthermore, in December 2025, we entered into an agreement with the United States Postal Service ("USPS") to support final-mile delivery for a portion of our Ground Saver and Mail Innovations volumes starting in 2026.Business (Item 1)

Also named by BR, CI, DJCO, FDX, HIMS, PBI, PPLI

Other companies

International Brotherhood of Teamsters

depends on · Nearly 80% of our U.S. employees are represented by unionsnamed as a risk
Our national master agreement with the Teamsters expires on July 31, 2028.Risk factors (Item 1A)

Also named by R, USFD, XPO

Independent Pilots Association

depends on · approximately 3,400 of our pilotsnamed as a risk
In addition, approximately 3,400 of our pilots are represented by the Independent Pilots Association ("IPA").Business (Item 1)

Teamsters Local 2727

depends on · approximately 2,000 airline mechanicsnamed as a risk
We have approximately 2,000 airline mechanics who are covered by a collective bargaining agreement with Teamsters Local 2727 which becomes amendable November 1, 2026.Business (Item 1)

International Association of Machinists and Aerospace Workers

depends on · approximately 3,000 of our auto and maintenance mechanics
In addition, approximately 3,000 of our auto and maintenance mechanics who are not represented by the IBT are employed under a collective bargaining agreement with the International Association of Machinists and Aerospace Workers ("IAM"), which expires on July 31, 2029.Business (Item 1)

Also named by BA, TEM, UAL

Andlauer Healthcare Group

We also completed the acquisitions of Frigo-Trans and Biotech & Pharma Logistics ("Frigo-Trans") and Andlauer Healthcare Group ("AHG"), further expanding our healthcare cold chain capabilities.Business (Item 1)

Frigo-Trans

We also completed the acquisitions of Frigo-Trans and Biotech & Pharma Logistics ("Frigo-Trans") and Andlauer Healthcare Group ("AHG"), further expanding our healthcare cold chain capabilities.Business (Item 1)

Places

Louisville, Kentucky

concentrated in
Our global air operations hub is located in Louisville, Kentucky, and is supported by air hubs across the United States ("U.S.") and internationally.Business (Item 1)

Also named by AMGN

Commodities and inputs

Diesel fuel

exposed to its pricenamed as a risk
We are exposed to changes in the prices of refined fuels, principally jet-A, diesel and unleaded gasoline, as well as changes in the price of natural gas and other alternative fuels.Market risk (Item 7A)

Also named by ADM, BLDR, BTU, CAH, CHD, CHRW, COST, CP and 43 more

Natural gas

exposed to its pricenamed as a risk
We are exposed to changes in the prices of refined fuels, principally jet-A, diesel and unleaded gasoline, as well as changes in the price of natural gas and other alternative fuels.Market risk (Item 7A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Euro

exposed to its pricenamed as a risk
Our most significant foreign currency exchange exposures relate to the Euro, British Pound Sterling, Canadian Dollar, Chinese Renminbi and Hong Kong Dollar.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Canadian Dollar

exposed to its pricenamed as a risk
Our most significant foreign currency exchange exposures relate to the Euro, British Pound Sterling, Canadian Dollar, Chinese Renminbi and Hong Kong Dollar.Market risk (Item 7A)

Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more

British Pound Sterling

exposed to its pricenamed as a risk
Our most significant foreign currency exchange exposures relate to the Euro, British Pound Sterling, Canadian Dollar, Chinese Renminbi and Hong Kong Dollar.Market risk (Item 7A)

Also named by AMG, BGC, BKNG, CBRE, CTRE, FCFS, FDS, FIS and 31 more

Chinese Renminbi

exposed to its pricenamed as a risk
Our most significant foreign currency exchange exposures relate to the Euro, British Pound Sterling, Canadian Dollar, Chinese Renminbi and Hong Kong Dollar.Market risk (Item 7A)

Also named by AAOI, ALB, AOS, APD, BBW, BWA, CGNX, COHR and 15 more

Gasoline

exposed to its pricenamed as a risk
We are exposed to changes in the prices of refined fuels, principally jet-A, diesel and unleaded gasoline, as well as changes in the price of natural gas and other alternative fuels.Market risk (Item 7A)

Also named by ADM, APG, BJ, CART, COST, DRVN, EME, FIX and 2 more

Jet fuel

exposed to its pricenamed as a risk
We require significant quantities of fuel for our aircraft and delivery vehicles and are exposed to the risks associated with variations in the market price for petroleum products, including gasoline, diesel and jet fuel.Risk factors (Item 1A)

Also named by AIR, ALK, CG, DAL, FDX, GE, LUV, WLFC

Sustainable aviation fuel

exposed to its pricenamed as a risk
The cost of SAF can be higher than conventional jet fuel, and SAF suppliers can pass this cost along to purchasers, which can increase our operating costs, potentially significantly.Risk factors (Item 1A)

Also named by ALK, CLMT, DAL, FDX, LUV, UAL

Hong Kong Dollar

exposed to its pricenamed as a risk
Our most significant foreign currency exchange exposures relate to the Euro, British Pound Sterling, Canadian Dollar, Chinese Renminbi and Hong Kong Dollar.Market risk (Item 7A)

Regulators

U.S. Environmental Protection Agency

subject tonamed as a risk
Even in the absence of such legislation, the Environmental Protection Agency could determine to regulate GHG emissions, especially aircraft or diesel engine emissions, and this could impose substantial costs on us.Risk factors (Item 1A)

Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more

Federal Aviation Administration (FAA)

subject to
The U.S. Department of Transportation ("DOT"), the Federal Aviation Administration ("FAA") and the U.S. Department of Homeland Security, through the Transportation Security Administration ("TSA"), have primary regulatory authority over our air transportation services.Business (Item 1)

Also named by ACHR, AIR, ALK, AMT, AVAV, BA, BRK/B, CCI and 27 more

U.S. Department of Transportation (DOT)

subject to
The efficiency and flexibility of our international air transportation network is subject to DOT and foreign government regulations and operating restrictions.Business (Item 1)

Also named by ACHR, AESI, ALK, BLDR, CHRW, CTAS, DAL, EXPE and 19 more

Transportation Security Administration (TSA)

subject to
Our airport and off-airport locations, as well as our personnel, facilities and procedures involved in air cargo transportation must comply with TSA regulations.Business (Item 1)

Also named by ALK, BKH, CHRW, CP, CSX, DAL, EXC, EXPD and 13 more

U.S. Customs and Border Protection

subject to
Our activities in the U.S., including customs brokerage and freight forwarding, are subject to regulation by the Bureau of Customs and Border Protection, the TSA, the U.S. Federal Maritime Commission and the DOT.Business (Item 1)

Also named by BALL, BJ, CHRW, CROX, EXPD, FDX, FDXF, JBHT and 12 more

Federal Motor Carrier Safety Administration (FMCSA)

subject to
Our ground transportation of packages in the U.S. is subject to regulation by the DOT and its agency, the Federal Motor Carrier Safety Administration (the "FMCSA").Business (Item 1)

Also named by CASY, CVLG, ET, FDXF, HTLD, IOT, JBHT, LSTR and 5 more

Postal Regulatory Commission

We sometimes participate in proceedings before the Postal Regulatory Commission in an attempt to facilitate compliance with fair competition requirements for competitive services.Business (Item 1)

Laws and programs

ReFuelEU Aviation

subject to · started at 2% in 2025 and increases to 70% by 2050named as a risk
For example, the ReFuelEU Aviation initiative, a European regulation, mandates jet fuel suppliers in Europe supply a target percentage of sustainable aviation fuel ("SAF") at airports inside the European Union.Risk factors (Item 1A)

Also named by UAL

EU General Data Protection Regulation

subject tonamed as a risk
This includes the EU’s General Data Protection Regulation, the California Privacy Rights Act, the Virginia Consumer Data Protection Act, and other similar laws that have been or are expected to be enacted by other jurisdictions.Risk factors (Item 1A)

Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more

CORSIA

subject tonamed as a risk
Details regarding implementation of CORSIA continue to develop, and compliance may increase our operating costs, potentially significantly.Risk factors (Item 1A)

Also named by ALK, DAL, FDX, LUV, UAL, WLFC

Paris Climate Accords

subject tonamed as a risk
The effect that the withdrawal may have on future U.S. policy regarding GHG emissions, on CORSIA and on other GHG regulation remains uncertain.Risk factors (Item 1A)

Civil Reserve Air Fleet (CRAF)

Our participation in this program allows the U.S. Department of Defense ("DOD") to requisition specified UPS aircraft for military use during a national defense emergency.Business (Item 1)

Also named by FDX