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Is your volume down?
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<blockquote data-quote="Jackburton" data-source="post: 1008848" data-attributes="member: 34538"><p>According to actual numbers or what management says?</p><p>Taken from <a href="http://www.morningstar.com/earnings/earnings-call-transcript.aspx?region=USA&t=UPS&pindex=3" target="_blank">United Parcel Service Inc (UPS) Class B UPS Q2 2012 Earnings Call Transcript</a></p><p></p><p><strong>Kurt Kuehn - CFO</strong>: Well, thanks Scott and good morning. The second quarter results released this morning, which produced earnings per share growth of 7.5%, are solid considering the change of pace in the global economic environment that Scott alluded to earlier. On a consolidated basis<span style="color: red"><strong>UPS</strong></span> daily volume improved 2.7% and operating profit was <span style="color: red"><strong>up</strong></span> 4.6% with 40 basis points of margin expansion, this points to the flexibility of our product portfolio and the efficiency of the <span style="color: red"><strong>UPS</strong></span>network.</p><p></p><p><span style="color: red"><strong>UPS</strong></span> experienced gains in Next Day Air letters again this quarter, reversing a long trend of declines. Ground package volume was <span style="color: red"><strong>up</strong></span> 3% over half of this growth was attributable to a 25% increase on lightweight products. Revenue improved a little over 4%, as expected, average revenue per package was <span style="color: red"><strong>up</strong></span> less than 1%. Yields across all products benefited from base pricing, but were offset by faster growth from large customers and changes in product mix. We continue to see rapid growth in lightweight and saver products both of which have lower yields.</p><p>Although they do have lower yields this volume continues to contribute to our productivity gains. Average daily volume was 3.5% higher, while miles driven and direct labor hours were <span style="color: red"><strong>up</strong></span> only about 1% and block hours actually declined. Savings in direct pay roll costs were not enough however to overcome growth and benefit expense. Healthcare jumped over 7%, while pension related expenses were <span style="color: red"><strong>up</strong></span> more than 10%. Overall, a good quarter in the U.S. Domestic aided somewhat by the fuel surcharge lag.</p></blockquote><p></p>
[QUOTE="Jackburton, post: 1008848, member: 34538"] According to actual numbers or what management says? Taken from [url=http://www.morningstar.com/earnings/earnings-call-transcript.aspx?region=USA&t=UPS&pindex=3]United Parcel Service Inc (UPS) Class B UPS Q2 2012 Earnings Call Transcript[/url] [B]Kurt Kuehn - CFO[/B]: Well, thanks Scott and good morning. The second quarter results released this morning, which produced earnings per share growth of 7.5%, are solid considering the change of pace in the global economic environment that Scott alluded to earlier. On a consolidated basis[COLOR=red][B]UPS[/B][/COLOR] daily volume improved 2.7% and operating profit was [COLOR=red][B]up[/B][/COLOR] 4.6% with 40 basis points of margin expansion, this points to the flexibility of our product portfolio and the efficiency of the [COLOR=red][B]UPS[/B][/COLOR]network. [COLOR=red][B]UPS[/B][/COLOR] experienced gains in Next Day Air letters again this quarter, reversing a long trend of declines. Ground package volume was [COLOR=red][B]up[/B][/COLOR] 3% over half of this growth was attributable to a 25% increase on lightweight products. Revenue improved a little over 4%, as expected, average revenue per package was [COLOR=red][B]up[/B][/COLOR] less than 1%. Yields across all products benefited from base pricing, but were offset by faster growth from large customers and changes in product mix. We continue to see rapid growth in lightweight and saver products both of which have lower yields. Although they do have lower yields this volume continues to contribute to our productivity gains. Average daily volume was 3.5% higher, while miles driven and direct labor hours were [COLOR=red][B]up[/B][/COLOR] only about 1% and block hours actually declined. Savings in direct pay roll costs were not enough however to overcome growth and benefit expense. Healthcare jumped over 7%, while pension related expenses were [COLOR=red][B]up[/B][/COLOR] more than 10%. Overall, a good quarter in the U.S. Domestic aided somewhat by the fuel surcharge lag. [/QUOTE]
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