Air, Business, Freight News, Logistics, Road

Home help boosts UPS

[ January 31, 2013   //   ]

UPS shrugged off its disappointment over its failed takeover of TNT to announce record earnings per share in the fourth quarter of 2012 of $1.32 and $4.53 respectively, led by a strong US domestic performance. UPS chairman and CEO Scott Davis said that while “2012 presented its challenges, most notably weak global trade, nonetheless, UPS executed well, delivering superior service to customers.”

Strong demand for UPS package services in Europe and Asia led to a 5.5% increase in average daily export volume, while revenue in the Supply Chain & Freight segment increased $94 million or 4.0% compared with the fourth quarter of 2011, although it reported an operating loss of $541 million due to a pension adjustment. The Freight Forwarding improved its revenue on the back of strong tonnage increases in international air freight, although operating margin was reduced by an increase in rates out of Asia.