UNITED PARCEL SERVICE INC Files SEC form 10-Q, Quarterly Report

Discussion in 'The Latest UPS Headlines' started by cheryl, Nov 9, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    UNITED PARCEL SERVICE INC Files SEC form 10-Q, Quarterly Report - Yahoo

    U.S. domestic package revenue increased $296 million, or 3.9%, for the quarter ($614 million, or 2.7%, year-to-date), largely due to a 5.8% improvement in revenue per piece, partially offset by a 3.4% decrease in average daily package volume.

    Next Day Air volume, deferred air volume and ground volume declined 9.8%, 1.7%, and 2.8%, respectively during the quarter (6.6%, 2.3%, and 1.1% year-to-date, respectively), primarily as a result of weakness in the U.S. economy. Relatively high energy costs combined with weak output within the industrial production and retail sales sectors have not been favorable for the small package market, which places additional pressure on our domestic package volume.