UPS Revenue Rises 4% in 2nd Quarter

Share this content:
United Parcel Service yesterday reported a nearly 4 percent second-quarter increase in revenue and volume growth in its air and international businesses despite a weak global economy.


For the three months that ended June 30, UPS revenue totaled $7.6 billion, up 3.9 percent from $7.3 billion for the same period a year earlier. Operating profits were $1.04 billion, down 10.3 percent from $1.16 billion for the prior-year period. Net income was $630 million, down from $695 million in the second quarter of 2000.


Highlights for the quarter included continued growth in the company's logistics business, a double-digit gain in international export volume and an increase in domestic air volume, combined with effective controls on discretionary expenses.


UPS chairman/CEO Jim Kelly said, "Our expense controls are working, and we continue to grow in some of our key businesses, particularly international export and logistics."


close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above