ATLANTA's United Parcel Service's (UPS) second quarter adjusted profit increased 7.3 per cent year on year to US$1.5 billion, drawn on revenues of $17.5 billion, up 9.6 per cent.
The parcel giant and third-party logistics credited higher profit and revenues to a three per cent increase in package volume and a 4.6 per cent increase in pricing.
'UPS is making great progress on our transformation initiatives to enhance profitable growth and improve operating leverage,' said UPS chairman and CEO David Abney.
The company's international division saw operating profit climb 8.4 per cent year on year to $618 million and revenues surging 13.6 per cent to $3.6 billion.
Daily export shipments for the segment increased 9.5 per cent year on year in Europe and the US while import volume rose two per cent.
Operating profits in UPS' supply chain and freight segment stood at $216 million, 1.8 per cent up year on year as revenues soared 15.6 per cent to $3.5 billion. Revenue growth was led by a 23 per cent increase in forwarding revenues and a 13 per cent uptick rise in freight revenue.
'The supply chain and freight segment delivered another quarter of double-digit growth in revenue and adjusted operating profit,' said Mr Abney. 'Our targeted growth strategies and improved efficiencies produced the segment's best profit growth in its history.'
The parcel giant and third-party logistics credited higher profit and revenues to a three per cent increase in package volume and a 4.6 per cent increase in pricing.
'UPS is making great progress on our transformation initiatives to enhance profitable growth and improve operating leverage,' said UPS chairman and CEO David Abney.
The company's international division saw operating profit climb 8.4 per cent year on year to $618 million and revenues surging 13.6 per cent to $3.6 billion.
Daily export shipments for the segment increased 9.5 per cent year on year in Europe and the US while import volume rose two per cent.
Operating profits in UPS' supply chain and freight segment stood at $216 million, 1.8 per cent up year on year as revenues soared 15.6 per cent to $3.5 billion. Revenue growth was led by a 23 per cent increase in forwarding revenues and a 13 per cent uptick rise in freight revenue.
'The supply chain and freight segment delivered another quarter of double-digit growth in revenue and adjusted operating profit,' said Mr Abney. 'Our targeted growth strategies and improved efficiencies produced the segment's best profit growth in its history.'