Key Currency Exchange Rates for Friday, 6/17/22

American Dollar to Canadian Dollar = 0.753788; American Dollar to Chinese Yuan = 0.137574; American Dollar to Euro = 1.086280; American Dollar to Japanese Yen = 0.006912; American Dollar to Mexican Peso = 0.058565.

UPS announced fourth-quarter 2023 consolidated revenues of $24.9 billion, a 7.8% decrease from the fourth quarter of 2022. Consolidated operating profit was $2.5 billion, down 22.5% compared to the fourth quarter of 2022, and down 27.1% on an adjusted basis. Diluted earnings per share were $1.87 for the quarter; adjusted diluted earnings per share of $2.47 were 31.8% below the same period in 2022. For the fourth quarter of 2023, GAAP results include a total charge of $512 million, or $0.60 per diluted share, comprised of a non-cash, after-tax mark-to-market (MTM) pension charge of $274 million, after-tax transformation and other charges of $154 million, and a non-cash, after-tax impairment charge of $84 million related to our Coyote trade name in our truckload brokerage unit.

Accenture has acquired marketing and sales consultancy Brand Learning and technology services firm Search Technologies, both for undisclosed sums. In terms of the Brand Learning acquisition, a press release states that Brand Learning's advisory team will join the management consulting and industry specialists within Accenture's Customer and Channels practice. The partnership, according to the press release, will enhance Accenture's offerings in terms of marketing and sales strategy, organizational design, industry-specific consulting, and HR and leadership capabilities – allowing the professional services company to deliver end-to-end solutions and help clients create more integrated customer experiences. It will also tap into the digital design and engagement skills of Accenture Interactive, the release reads.