• ITVI.USA
    15,845.180
    -15.980
    -0.1%
  • OTLT.USA
    2.806
    0.013
    0.5%
  • OTRI.USA
    21.590
    0.130
    0.6%
  • OTVI.USA
    15,846.760
    -20.840
    -0.1%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    15,845.180
    -15.980
    -0.1%
  • OTLT.USA
    2.806
    0.013
    0.5%
  • OTRI.USA
    21.590
    0.130
    0.6%
  • OTVI.USA
    15,846.760
    -20.840
    -0.1%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
American ShipperShippingTrade and Compliance

UPS increases Q2 income, revenues amid e-commerce boom

The Atlanta-based parcel giant recorded a net income of $1.38 billion on revenues of $15.75 billion for the quarter, as its U.S. Domestic Segment thrived from growing demand for e-commerce deliveries.

   UPS recorded a net income of $1.38 billion for the second quarter of 2017, a 9.1 percent boost from last year’s second quarter as revenues rose 7.7 percent to $15.75 billion, according to the company’s latest financial statements.
   The Atlanta-based parcel giant’s diluted earnings per share stood at $1.58 for the quarter, compared to $1.43 per diluted share for the second quarter of 2016.
   In the U.S. Domestic Segment, the operating profit totaled $1.4 billion for the quarter, up 13.1 percent year-over-year, as revenues rose 8.1 percent to $9.75 billion, fueled by growing demand for e-commerce deliveries.
   Meanwhile, the International Segment posted an operating profit of $583 million for the quarter, down 4.9 percent year-over-year. The segment’s revenues increased by 2.8 percent year-over-year to $3.16 billion.
   The Supply Chain and Freight Segment recorded an operating profit of $238 million for the quarter on revenues of $2.84 billion, up 24 percent and 12.1 percent year-over-year, respectively.

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.