TopNews

UPS Profit Falls Slightly in Second Quarter

July 23, 2013

SHARING TOOLS        | Print Subscribe

Parcel and freight transport giant UPS has reported a slight drop in its second quarter profit, falling from $1.79 billion in 2012 to $1.74 billion for the most recent quarter.

During the same time frame, total revenue increased to $13.51 billion from $13.35 billion.

"UPS second-quarter results were below our expectations as a result of disappointing performance in freight forwarding and a slight miss in International package," said Kurt Kuehn, UPS chief financial officer. "Looking toward the back half of the year, although global economic expectations have been lowered, UPS expects growth in adjusted diluted earnings per share of 4%-13% over the same period last year."

Revenue in company’s supply chain and freight segment was $2.20 billion, down 3.2%. Operating profit dropped to $159 million, due to increases in compensation and benefit expense.

UPS domestic package unit revenue increased to $8.24 billion in the second quarter from $8.06 from a year earlier while operating profit was unchanged at $1.13 billion.

More details are available on the UPS website.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?

LUBRICANTS

The expert, Mark Betner from Citgo will answer your questions
Ask a question

Sponsored by


WHEEL ENDS SOLUTIONS

Wheel end expert Jeff Geist from STEMCO will answer your questions
Ask a question

Sponsored by

Magazine