UPS grows in international segment
UPS has announced that its Q1/2019 earnings were strengthened by higher-quality revenue and benefits from investments in its global network.
Consolidated revenue increased to USD 17.2 billion, driven by gains in average daily volume and higher-quality revenue. US domestic revenue rose by USD 253 million or 2.5% over Q1/2018, with healthy growth in commercial ground. Growth in ground revenue per piece was strong at 2.9%, led by gains from healthcare, manufacturing and e-commerce.
Average daily volume for air products grew by nearly 8%, driven by high demand for faster delivery options. The international segment reported a record Q1 operating profit, reflecting the strength and flexibility of the company’s global network and its ability to execute in a changing global trade environment. Operating margin was 15.3% and 17.7% on an adjusted basis. (mw)