Strong Q4 rounds off a strong year
UPS has tabled its Q4 and full-year earnings for 2018. Total 2018 revenue increased by 7.9% to USD 71.9 billion on shipment growth; the revenue-yield expansion of 4.3% surpassed the 2017 yield by 200 basis points.
The company opened 14 major facilities in the USA in Q4/2018, thereby providing higher efficiency and record on-time deliveries. Over the whole of 2018, the integrator inaugurated 22 new facilities worldwide.
“UPS executed very well during Q4 in a challenging environment,” said Richard Peretz, UPS chief financial officer. “In 2019, we plan to generate substantial increases in operating profit growth in all three business units.”
UPS expects total adjusted operating profit growth in the low-teens with all segments showing double-digit increases. (mw)