U.P.S., Citing a Strong Performance, Raises Outlook

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 23, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    U.P.S., Citing a Strong Performance, Raises Outlook - New York Times

    United Parcel Service, the package delivery company, said Thursday that its second-quarter net income increased 90 percent and raised its earnings outlook for the year, citing encouraging indications of future global trade.

    Increases in its international business, particularly from Asia, raised the volume of its export shipments by 15 percent.

    “Our approach to international expansion using alliances, service partners and acquisitions has proved to be successful,” the chief executive, D. Scott Davis, said during a conference call with analysts. The company had an overall 7 percent increase in its revenue per freight piece because of heavier average shipment weight, higher prices and fuel surcharge increases.