UPS Gain in Overnight Deliveries Shows U.S. Economic Confidence - Bloomberg
Gains in overnight shipments at United Parcel Service Inc. (UPS) and FedEx Corp. (FDX), the two largest package-delivery companies, show consumers and businesses are willing to pay for faster deliveries as the economy expands.
Average daily volume for UPS’s next-day air packages “grew at a mid-single digit rate,” overshadowing a drop in ground delivery for the quarter ended March 31 from a year earlier, data from the Atlanta-based company showed yesterday. Such growth in premium overnight air packages is a sign of economic confidence, according to Chief Financial Officer Kurt Kuehn.
UPS’s results echoed data from FedEx issued almost six weeks ago that showed average daily volume for U.S. overnight deliveries at the Memphis-based carrier rose 2.4 percent to 1.22 million boxes in the quarter ended Feb. 28 from a year earlier.
Gains in overnight shipments at United Parcel Service Inc. (UPS) and FedEx Corp. (FDX), the two largest package-delivery companies, show consumers and businesses are willing to pay for faster deliveries as the economy expands.
Average daily volume for UPS’s next-day air packages “grew at a mid-single digit rate,” overshadowing a drop in ground delivery for the quarter ended March 31 from a year earlier, data from the Atlanta-based company showed yesterday. Such growth in premium overnight air packages is a sign of economic confidence, according to Chief Financial Officer Kurt Kuehn.
UPS’s results echoed data from FedEx issued almost six weeks ago that showed average daily volume for U.S. overnight deliveries at the Memphis-based carrier rose 2.4 percent to 1.22 million boxes in the quarter ended Feb. 28 from a year earlier.