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."


EXTENDED DEADLINE

You have until Wednesday, December 7 to get your entries in. Learn more here.

Loading links....
close

Next Article in Postal

Latest Jobs: