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UPS reports second quarter earnings gains Keeping up with, or replicating, Amazon is key to retailers’ success, says AlixPartners research Q&A: Greg West, C.H. Robinson Worldwide, Vice President of LTL Transportation Diesel prices head up for fourth straight week, reports EIA Behind the Korber AG and DMLogic Acquisition More Logistics News Supplier Relationship Micro Management Optimizing Across Six Guiding Principles All Resources UPS reported strong second quarter 2017 earnings results earlier today. Quarterly revenue for the Atlanta-based transportation and logistics bellwether at $15.7 billion was up 7.7% annually, and earnings per share at $1.58 was up 11% compared to last year and ahead of Wall Street estimates of $1.46. Operating profit was up 8.7% at $2.2 billion. “We are pleased with our performance and progress,” said UPS CEO David Abney on the company’s earnings call. “We had balanced performance in all segments this quarter and positive operating leverage in the U.S. We remain focused on the efficiency initiatives [underway], and we see strong growth opportunities for UPS, and we continue to invest in the next generation UPS Smart Global Logistics Network and to implement strategic initiatives.” Abney added that UPS also remains focused on investing heavily in new capacity and connected technology to capture the tremendous e-commerce and international growth opportunities it sees to fuel long-term profitable growth and enhanced shareholder value. Individual segment results: U.S. domestic revenue rose 8.1% to $9.7 billion, with operating profit up 13.1% at $1.395 billion, average daily U.S. domestic package volume up 4.9% (Deferred Air products up 11%, Next Day Air up 0.6%, and Ground products up 4.2%. Revenue per package rose up 3%, with Next Day Air up 1.6% at $19.62, Deferred up 2.3% at $12.72, and Ground up 3.2% at $8.37. UPS cited e-commerce driving higher demand for UPS Air and […]
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