UPS announces higher 2Q net profit, revenue

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United Parcel Service, the world’s largest package delivery company, said today, July 25, that its second-quarter net profit rose 7.6 percent, citing rising global demand for small packages. The Atlanta-based company reported net income of $1.06 billion, compared with $986 million a year earlier. UPS reported revenue for the quarter of $11.74 billion, up 15.2 percent from $10.2 billion a year earlier.

In the second quarter, UPS said domestic daily ground volume rose 4.6 percent from a year ago, while total revenue per piece rose 2.7 percent. Its U.S. package division had revenue of $7.46 billion in the latest period, up from $6.94 billion a year ago. International package volume rose 16.5 percent in the second quarter, as export volume rose 6.5 percent and nondomestic volume surged 23.6 percent. The international package division had revenue of $2.23 billion in the quarter, up from $2 billion a year ago.

“Our global small package volume growth in the second quarter was robust, resulting in a solid earnings gain,” said Mike Eskew, UPS chief executive officer. “The global small package market continues to expand, and we are seeing significant opportunities for UPS.”