UPS has a record year with 3.4 billion deliveries
United Parcel Service had a record year for package deliveries in 2003, the company reports, delivering 3.44 billion packages. That translates into a U.S. average daily package volume increase of 4.9% from the previous year. UPS’s peak day volume totaled 20 million packages in the U.S., up 11% from 18 million on its peak day the year before. UPS attributed the volume growth to an increase in online shopping.
Revenue for the quarter ended Dec. 31 totaled $8.93 billion, up 8.2% from the $8.26 billion reported during the prior-year period, the company reports. U.S. ground volume increased 5.2%, while Next Day Air volume grew 3.5% and deferred air volume rose 4%. Net income in the quarter totaled $856 million, compared to $1.5 billion in the fourth quarter of 2002.
Packages sent using UPS Internet Ship grew 50% compared to 2002 and tracking requests surged to a high of 12 million on the busiest day, up a third over the previous year. The company also reports that volume through The UPS Store doubled compared to the prior year.
For the full year, revenue increased 7.1% to a record $33.5 billion, while net income totaled $2.9 billion compared to $3.2 billion in 2002.
For this year, UPS expects U.S. package volume to grow about 4%
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