UPS revenues up by more than 6%

UPS has announced that its revenues for the first quarter (Q1) of 2017 were up 6.2% on last year at $15,315m. The company said that revenue grew “in all segments and in all major product categories”.

“Revenue came in strong this quarter with all segments adding to the topline,” commented David Abney, UPS chairman and CEO.  “We are accelerating investments to create the industry’s leading smart global logistics network and value-creating portfolio.  UPS customers are benefiting from expanded capacity, choice and improved time-in-transit, while technology solutions continue to deliver efficiencies.”

E-commerce deliveries played a leading role in driving up revenues.