Services
UPS parcel service increases profits significantly
The UPS logo on a van. Photo: Sina Schuldt / dpa
© dpa-infocom GmbH
The group is doing well. In the third quarter of the year it generated earnings of US $ 2.3 billion. That is significantly more than in Corona summer 2020.
Strong demand in all segments brought the US parcel service UPS a strong profit jump in the summer.
The bottom line was a result of 2.3 billion US dollars (around 2 billion euros) in the third quarter, as United Parcel Service (UPS) announced in Atlanta on Tuesday. That is 19 percent more than in Corona summer 2020. Sales jumped 9 percent to $ 23.2 billion.
Revenue in UPS’s international business increased particularly strongly. But there was also an upward trend in supply chain logistics. In the traditional business on the US home market, the group benefited from the fact that its customers paid an average of twelve percent more per parcel than a year before.
The UPS management is therefore also becoming somewhat more optimistic for the year as a whole. The adjusted operating brand should now reach around 13 percent instead of 12.7 percent. The group once again gave no forecast for sales and earnings per share.