United Parcel Service Inc
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Industrials : Air Freight & Logistics | Large Cap Blend
Company profile

United Parcel Service, Inc. (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. U.S. Domestic Package and International Package are together referred to as global small package operations, which provides delivery services for express letters, documents, packages and palletized freight via air and ground services. The International Package segment includes the small package operations in Europe, Asia-Pacific, Canada, Latin America and Indian Subcontinent, Middle East and Africa (ISMEA). Supply Chain & Freight consists of its forwarding, truckload brokerage, logistics and distribution, UPS Freight, UPS Capital and other businesses. Its services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage and insurance.

Postmarket

Last Trade
Delayed
$196.00
1.17 (0.60%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$194.83
Day's Change
-4.17 (-2.10%)
Bid
--
Ask
--
B/A Size
--
Day's High
201.74
Day's Low
193.92
Volume
(Heavy Day)
Volume:
3,370,993

10-day average volume:
2,448,869
3,370,993

Crypto job openings surge 395% in a year, with Miami, Austin and Denver emerging as new hubs

4:18 pm ET January 14, 2022 (MarketWatch)
Print

By Frances Yue

Companies hiring for engineering roles most aggressively

The crypto space has been experiencing a hiring frenzy, and the trend likely is set to continue.

Crypto-related job postings in the U.S. surged 395% in 2021 from a year before, a sign of the industry's expansion, according to a recent analysis by LinkedIn. Companies that range from tech giants Meta (FB), Twitter (TWTR), Amazon (AMZN) to Wall Street firms JP Morgan (JPM) and Fidelity have all posted open spots for crypto talents in 2021.

The growth rate of crypto hiring has outpaced that of the broad tech industry, which saw a 98% increase in job postings in 2021, according to LinkedIn.

Jason Lau, chief operating officer at crypto exchange Okcoin, told MarketWatch that "we're hiring quite a bit. At last count, I think we had something like 50 open positions."

"And it's going to be continued hiring. I can't understate how we and other companies are still trying to expand in this space," Lau said.

Crypto hubs

San Francisco (Bay Area), Austin, New York City, Miami-Fort Lauderdale, and Denver saw the most crypto job postings in 2021, as a variety of crypto companies settled in such cities, LinkedIn told MarketWatch in a follow up.

Miami, host of the annual bitcoin conference, has its own cryptocurrency MiamiCoin, while Austin boasts a vibrant crypto culture. Eric Adams, the new mayor of New York City and a bitcoin enthusiast, vowed to make big apple "the center of the cryptocurrency industry."

In 2020, the top five areas with most crypto job listings were San Francisco (Bay Area), New York City, Raleigh-Durham-Chapel Hill Area, Greater Philadelphia and Los Angeles.

Demand in engineering

Companies have been hiring for engineering roles most aggressively, as job titles containing blockchain developer and blockchain engineer take up 15.6% of the total crypto-related job listings, according to LinkedIn's analysis.

Though the majority of the hiring comes in software and finance roles, other sectors, such as accounting, consulting, staffing and computer hardware also saw demands of crypto talent, the study shows.

Developers that are participating in the creation of Web 3, which enthusiasts refer to as the next generation of Internet, reached an all-time high in January, with more than 18,000 monthly active developers committing code in open source crypto and Web 3 projects, according to a report by crypto venture capital firm Electric Capital. 65% of active developers in Web3 joined in 2021, the report shows.

-Frances Yue

	

(END) Dow Jones Newswires

January 14, 2022 16:18 ET (21:18 GMT)

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