first_img whatsapp UPS profit tops estimates whatsapp United Parcel Service, the world’s largest package delivery company, has reported a quarterly profit that beat estimates and forecast record-high profits in 2011. UPS’ fourth-quarter adjusted operating profit rose to $1.08 (£0.67) per share, up 44 per cent from a year ago and topping the $1.05 per share expected by analysts.The gain was three cents-per-share more when factoring in a gain from the sale of a logistics unit. Revenue rose to $13.42bn (£8.44bn) from $12.38bn.US markets welcomed the news, boosting UPS shares by four per cent. “In less than two years from the recession, they already think they can exceed peak earnings,” said BB&T analyst Kevin Sterling.UPS said revenue-per-piece shipped improved 3.5 per cent in the quarter, mainly through higher base pricing and fuel surcharges. Average daily package volume rose 1.7 per cent in the quarter as well.On a conference call, UPS called the pricing environment “rational” and said rate increases imposed earlier this year have been “reasonably well received.”Atlanta-based UPS, which called for “moderate global growth in 2011,” said it controlled costs as compensation and benefit expenses rose less than volume.UPS handles goods equivalent to six per cent of US GDP and two per cent of global GDP in its trucks and planes, the company said. As a result, its shipment trends give a tangible picture of consumer demand. Tags: NULL Show Comments ▼center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Tuesday 1 February 2011 11:54 am alison.lock More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes Sharelast_img

Leave a Reply

Your email address will not be published. Required fields are marked *