UPS increased third quarter sales by 4.9 per cent to $14.9 billion. But, it said changes in fuel surcharges and currency exchange rates negatively affected revenue growth.
In the international package business, revenue was up 2.2 per cent to $3bn and operating profit was up 14 per cent to $576m. It said that volume growth in all products, base-rate increases and network efficiency gains contributed to the improved profitability.
The US domestic market saw revenue rise 4.8 per cent to $9.3bn, while operating profit was up 13.5 per cent to $1.3bn.
David Abney, UPS chairman and CEO said: “The investments we are making in technology and capacity will ensure UPS continues to deliver great results well into the future.”