Item 2.06 Material Impairments
On January 25, 2021, United Parcel Service, Inc. ("UPS") announced that it has
entered into a purchase agreement, dated January 24, 2021, pursuant to which it
has agreed sell all of its equity interests in its UPS Ground Freight, Inc.
subsidiary to TFI International Inc.. Completion of the transaction is subject
to certain customary regulatory and other approvals and conditions. In
connection with the entry into the agreement, UPS has determined that an
impairment triggering event has occurred as of the December 31, 2020 balance
sheet date. As a result, UPS expects to recognize a non-cash, pre-tax impairment
charge of approximately $500 million on its statement of consolidated income for
the year ended December 31, 2020.


Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1              Press release dated January 25, 2021
104             The cover page from this Current Report on Form 8-K,

formatted in Inline XBRL





The information contained in Items 7.01 and 9.01, including Exhibit 99.1, shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that
Section, nor shall it be deemed incorporated by reference in any filings under
the Securities Act of 1933 or the Exchange Act, except as may be expressly set
forth by reference in any such filing.

Cautionary Forward-Looking Statements



The statements made in this Current Report on Form 8-K regarding the amount and
timing of the impairment charge UPS expects to record constitute "forward
looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to differ materially
from present expectations. These risks and uncertainties, many of which are
outside UPS's control, include, but are not limited to, the finalization of the
accounting impact of the pending sale of UPS Ground Freight, Inc. and the other
factors and risks discussed in UPS's periodic reports filed with the Securities
and Exchange Commission. UPS does not undertake any obligation to update the
forward-looking statements in this Current Report on Form 8-K to reflect events,
circumstances, changes in expectations, or the occurrence of unanticipated
events after the date hereof, except as required by law.

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                                   Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UNITED PARCEL SERVICE, INC.
Date:     January 25, 2021                                 By:                       /s/ BRIAN NEWMAN
                                                                                     Brian Newman
                                                                                     Senior Vice President, Chief Financial Officer and
                                                                                     Treasurer

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