UPS Ground

Quarterly revenue—at $22.9 billion—was off 6% annually, and adjusted earnings per share—at $2.20—fell 27.9%, for the same period. Consolidated quarterly operating profit came in at $2.5 billion, which was off 22.8% annually on an adjusted basis.

In a recent customer notice, Atlanta-based global freight transportation and logistics services provider UPS stated it will be extending its demand-based surcharges past peak season. UPS said that the demand surcharge will extend to packages that require Additional Handling and Large Packages for all U.S. domestic, U.S. import, and U.S. export shipments for qualifying customers. And it added that a demand surcharge will apply to all packages that are Over Maximum Limits for all U.S. domestic,...

Quarterly revenue—at $24.161 billion—increased 4.2% annually, and adjusted earnings per share—at $2.99—increased 10.3% annually and beat Wall Street estimates at $2.89 per share. Quarterly operating profit rose 7% to $3.113 billion.

Quarterly revenue—at $24.8 billion—rose 5.7% annually, and adjusted earnings per share—at $3.29—saw a 7.5% increase, topping Wall Street estimates of $3.16 per share. Quarterly operating profit was up 8.5% to $3.5 billion.

Data recently provided to LM by ShipMatrix, a subsidiary of Pittsburgh-based SJ Consulting, pointed to mixed on-time performance (OTP) ranges, in June, for major parcel carriers, including UPS, FedEx, and the United States Postal Service (USPS).

UPS said its goal is to ensure businesses and customers are able to meet their shipping needs while demand has increased for shipping services.

Quarterly revenue, at $24.9 billion, increased 21% annually, and adjusted earnings per share, at $2.66, was up 26.1% compared to a year ago, far outpacing Wall Street expectations, at $2.10. Quarterly operating profit was up 26% to $2.87 billion, setting a new company record. And for the full-year 2020, revenue rose 14.2% to $84.6 billion, and operating profit was up 7% to $8.71 billion.

Quarterly revenue, at $20.5 billion, headed up 3.6% annually, and adjusted earnings per share, at $2.11, was up 8.8% matched Wall Street estimates in the $2.10-$2.11 range. Full-year 2018 revenue rose 3.1% annually to $74.1 billion, which UPS said was paced by strong volume growth in its U.S. domestic segment and the impact of successful execution from all segments.

With Peak Season top of mind for many supply chain stakeholders this time of year, it comes as no surprise that a lot of attention gets paid to how the parcel duopoly of UPS and FedEx approaches things. And that comes with good reason, considering how interconnected they each are to the many moving parts of the holiday-, or peak-focused holiday season rush.

These releases are in tandem with UPS’s Transformation efforts focused on investments in its network made possible through its capital expenditures investments, as well as leveraging internal efficiencies and a focus on four key growth initiatives for SMBs for healthcare, e-commerce, and high-growth international markets.

Atlanta-based transportation and logistics bellwether UPS said this week that its on-time delivery performance for this year’s holiday season is seeing very strong results, due, in large part to what it called an unprecedented capacity expansion, as well as various new technology upgrades.

Third quarter earnings results issued today by Atlanta-based UPS were solid despite challenges posed during the quarter as a result of multiple hurricanes and other natural disasters. Revenue for the quarter was up 7% annually to $15.798 billion, with earnings per share up 1 cent to $1.45, meeting Wall Street expectations. Operating profit, at $2.035 billion, was up slightly over last year’s $2.034 billion.

During certain weeks in November and December this year, shippers and consumers need to prepare to pay a little more for deliveries handled by UPS in the form of a new peak shipping charge.

Through this effort, UPS said it has increased operating capacity while not making additional investments in buildings, vehicles, or trucks, with the company noting that it will create more than 6,000 new jobs when it is fully implemented.

In earlier fashion than usual, UPS yesterday rolled out United States rate changes that will go into effect in the coming weeks and months.