Tag: UPS

UPS today reported a strong gain in consolidated revenue and a 10.2% improvement in earnings per diluted share to 0.97 USD. Global small package volume rose 6% or 841,000 additional packages each day.

UPS closed the quarter with 2.85 billion USD in cash and marketable securities.

U.S. Package. All levels of service posted gains. Daily ground volume increased 4.6%, while average daily volume for Next Day Air® rose 4.2% and deferred air volume climbed 7.6%. Total revenue per piece remained firm with a gain of 2.7%.

Total international package volume grew 16.5%. Export volume increased 6.5% and non-U.S. domestic volume was up 23.6% aided by acquisitions.

Revenue and profit improvements in Supply Chain and Freight segment were primarily driven by the acquisition last August of a leading LTL carrier, Overnite, now re-branded UPS Freight.

Mr. Barnes, the 52-year-old senior vice president and chief information officer at United Parcel Service Inc., oversees a division of 4,700 employees that develops much of the company’s software, services an Internet site that draws 18.5 million visitors a day, maintains 8,700 servers and monitors 15 massive mainframes capable of processing millions of instructions per second. And he gets to spend more than $1 billion a year to do it.

Promoted 19 months ago from vice president of information-technology development for customer and operations applications, Mr. Barnes is guiding a massive implementation of computer-driven automation, Web-site enhancements and other innovations designed to wring more efficiency from a famously proficient network, which moves an average of 15 million packages a day across the world.