UPS results: Export revenue rises 14 pct ; LTL shipments climb 12 pct
UPS today reported a solid 7.2 pct increase in diluted earnings per share for the second quarter to USD 1.04 on a 3.9 pct gain in revenue. Strong performance by the international package segment and encouraging trends in supply chain and freight overcame a challenging U.S. small package market.
International export revenues jumped 14 pct on double-digit volume growth. UPS Freight less-than-truckload (LTL) revenue climbed 10.5 pct on a 12 pctincrease in shipments.
“Strong gains in our international package segment offset a lack of growth in the U.S. business. We’re also executing well in our supply chain and freight business and are pleased with the profit improvements in this segment. We remain confident in the long-term growth prospects that the dynamic global marketplace offers UPS” said Mike Eskew, UPS’s chairman and CEO.
UPS expects diluted earnings per share for the third quarter to fall within a range of USD 0.99 to USD 1.04 compared to the USD 0.96 reported for the prior-year period.
