Non-Package Revenue Rises At UPS
A big increase in non-package revenue helped push United Parcel Service fourth-quarter financials into record territory.
A big increase in non-package revenue helped push United Parcel Service fourth-quarter financials into record territory.
For the three months ended Dec. 31, 1999, revenues totaled $7.45 billion, up 11.7 percent from $6.6 billion for the same period in 1998.
Revenue gains for the quarter were driven by a 10 percent increase in domestic package, a 15 percent increase in international export and a substantial increase in the non-package segment.
Non-package revenue rose from $201 million for the same period in 1998 to $344 million in 1999, due to the addition of the new excess value package insurance business and growth in the UPS Logistics Group, which includes the newly formed UPS Capital Group. Net income for the quarter rose 37.1 percent to $661 million. Gains were said to include a 20.5 percent increase in domestic profitability and a 121.6 percent jump in international operating income.
For 1999, revenues totaled $27.05 billion, up 9.1 percent from $24.8 billion in 1998. Net income for 1999 totaled $883 million, compared with $1.74 billion in 1998.
More Drivers
FDA Eases Path for Oral-Fluid Testing
Federal actions could advance oral-fluid drug testing for truck drivers, but lab certification delays and marijuana rescheduling questions remain.
Read More →
Why Hiring Truck Drivers Is Getting Harder
Higher recruiting costs, a shrinking driver pool, and renewed pay competition are raising the stakes for fleets heading into 2027.
Read More →
Roehl Offers Truck Drivers $10,000 Retention Incentive
Payments begin after the first load and continue in mileage-based installments for eligible experienced drivers joining the fleet.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →