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What's Happening With UPS' Ground Business? - NASDAQ
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<blockquote data-quote="cheryl" data-source="post: 5100164" data-attributes="member: 1"><p><a href="https://www.nasdaq.com/articles/whats-happening-with-ups-ground-business" target="_blank"><strong>What's Happening With UPS' Ground Business? - NASDAQ</strong></a></p><p></p><p>Ground shipments, primarily residential deliveries, have been in focus for <a href="https://dashboards.trefis.com/data/companies/UPS/" target="_blank"><strong>United Parcel Service (NYSE:UPS)</strong></a> over the recent quarters. The pandemic resulted in people being confined to their homes and there was a surge in e-commerce activities, bolstering the ground shipments for UPS as well as FedEx, especially in 2020. For perspective, average daily package volume for ground shipments rose 14.5% y-o-y to 17.4 million in 2020. This clubbed with a 4% rise in average revenue per piece for ground shipments meant total ground segment revenues grew 20% over the same period.</p><p> </p><p>However, the situation has changed over the last year or so. The vaccination rate has been on a gradual rise with nearly 60% of the U.S. population currently vaccinated against Covid-19. This has resulted in economies opening up gradually, and people have started to venture out of their homes. This also impacted the ground shipment volume for UPS. The company reported a 2.5% decline in volume in Q3 this year, though the volume remained higher by 2% for the nine month period ending Sep 2021. Despite slowing growth in ground shipment volume, UPS managed to post segment revenue growth of nearly 14% thus far in 2021, driven by better price realization.</p></blockquote><p></p>
[QUOTE="cheryl, post: 5100164, member: 1"] [URL='https://www.nasdaq.com/articles/whats-happening-with-ups-ground-business'][B]What's Happening With UPS' Ground Business? - NASDAQ[/B][/URL] Ground shipments, primarily residential deliveries, have been in focus for [URL='https://dashboards.trefis.com/data/companies/UPS/'][B]United Parcel Service (NYSE:UPS)[/B][/URL] over the recent quarters. The pandemic resulted in people being confined to their homes and there was a surge in e-commerce activities, bolstering the ground shipments for UPS as well as FedEx, especially in 2020. For perspective, average daily package volume for ground shipments rose 14.5% y-o-y to 17.4 million in 2020. This clubbed with a 4% rise in average revenue per piece for ground shipments meant total ground segment revenues grew 20% over the same period. However, the situation has changed over the last year or so. The vaccination rate has been on a gradual rise with nearly 60% of the U.S. population currently vaccinated against Covid-19. This has resulted in economies opening up gradually, and people have started to venture out of their homes. This also impacted the ground shipment volume for UPS. The company reported a 2.5% decline in volume in Q3 this year, though the volume remained higher by 2% for the nine month period ending Sep 2021. Despite slowing growth in ground shipment volume, UPS managed to post segment revenue growth of nearly 14% thus far in 2021, driven by better price realization. [/QUOTE]
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