Several retailers said they beat the average Thanksgiving weekend web sales spike, pegged at 22% by comScore. By contrast, bricks-and-mortar spending fell 2.7% during ...
UPS daily delivery volume increased 5% during Q3
International volume grew nearly 14% with gains in Europe, Canada and Mexico.
Topics: Canada, daily package volume, delivery, Europe, international shipping, Kurt Kuehn, Mexico, Next Day Air, Q3 2010, Returns Flexible Access, shipping, U.S. Postal Service, United Parcel Service of America inc., United States, UPS
Package delivery company United Parcel Service of America Inc. reported today that average daily package volume increased 5.0% globally to 14.97 million pieces per day during the third quarter ended Sept. 30.
Most of that volume, 12.73 million, is in the United States, where UPS reported a 3.6% increase in packages shipped from the third quarter of 2009. That marks the third straight quarter of growth for U.S. average daily volume. Average international volume grew 13.4%. The company reported revenue of $12.19 billion for the quarter, up 9.3% from the same time a year ago.
For Q3, UPS reported:
- Average daily package volume increased 5.0% to 14.97 million, up from 14.26 million a year ago.
- Total revenue increased 9.3% to $12.19 billion, up from $11.15 billion a year ago.
- Net income of $991 million, up 80.5% from $549 million a year ago.
- The average revenue per package increased 3.7% to $10.27, up from $9.90 a year ago.
For its U.S. package operations during Q3, UPS reported:
- Average daily package volume increased 3.6% to 12.73 million pieces, up from 12.29 million a year ago.
- Total domestic package revenue increased 6.1% to $7.29 billion, up from $6.87 billion during Q3 2009.
- The average revenue per piece grew 4.1% to $8.95, up from $8.60 a year ago. The per-piece revenue of packages delivered via Next Day Air service increased 7.0% to $19.40, up from $18.13 a year ago. The company says the overall revenue per piece growth came primarily through increases in base pricing and higher fuel surcharges.
- Total operating profit of $1.02 billion, up 98.4% from $514 million a year ago.
For Q3 international operations, UPS reported:
- Average daily package volume increased 13.7% to 2.24 million pieces, up from 1.97 million a year ago. The company notes strong growth in Europe, Canada and Mexico.
- Total international revenue increased 10.7% to $2.68 billion, up from $2.42 billion during Q3 2009.
- The average revenue per package declined 1.2% to $17.75 from $17.97 for Q3 2009.
- Total operating profit of $419 million, up 33.9% from $313 million a year ago.
For the nine months ending Sept. 30 UPS reported:
- Average daily package volume is up 3.8% to 14.90 million, from 14.36 million at the same point last year.
- Revenue increased 9.7% to $36.12 billion from $32.92 billion.
- Domestic revenue is up 5.1% to $21.66 billion from $20.61 billion.
- International revenue increased 17.1% to 8.09 billion from $6.91 billion.
The company also noted the broad introduction of its Returns Flexible Access service during the third quarter. The program gives consumers the option to return UPS-delivered packages to retailers via UPS by dropping it off at U.S. Postal Service mailboxes or post offices as well as at UPS pick-up points.
The company is projecting modest growth during the holiday season and raised its full-year guidance. UPS chief financial officer Kurt Kuehn says the company expects adjusted earnings per share to grow more than 50% from last year.