UPS Top Accountant Prepping for Several Tariff Ruling Scenarios

UPS’s top accountant said the shipping and logistics giant is preparing for a variety of scenarios as it awaits the US Supreme Court’s upcoming ruling on whether a significant portion of President Donald Trump’s tariffs are unlawful.

United Parcel Service Inc. is planning for possible financial reporting ramifications ahead of year-end filing season as it awaits the high court’s opinion that could open the door for refunds, said Chief Accounting Officer Sarrah Schoenewald. The company’s fiscal year ends Dec. 31, and UPS along with many other companies, is gearing up to file its annual 10-K financial report with the ...