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Home » UPS posts record Q4, full year results
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UPS posts record Q4, full year results

February 2, 2012
Mark B. Solomon
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UPS Inc. said Tuesday that its fourth-quarter and full year 2011 revenue and package volumes set all-time records despite an uneven global economic picture that will remain in place in 2012.

The Atlanta-based transportation and logistics giant posted $53.1 billion in revenue in 2011, which bettered the previous all-time record of $51.5 billion set in 2008. The company reported that annual package volume exceeded 4 billion for the first time in its 107-year history.

In the fourth quarter, normally its busiest time of the year, UPS posted revenue of $14.17 billion, versus $13.42 billion in the 2010 quarter. Average daily package volume hit 18.3 million. Both revenue and volume figures were fourth-quarter records, the company said. Daily volumes hit all time-records of 27 million on two separate days during the peak holiday shipping season, UPS said.

The company's core domestic package segment reported a 7.3-percent year-over-year revenue increase in the fourth quarter, a result of higher base rates and the impact of fuel surcharges. Revenue for the international package and "supply chain and freight" categories showed year-over-gains in the quarter of 4.5 percent and 2.1 percent, respectively. Average daily export volumes in the quarter exceeded 1 million pieces for the first time in UPS's history, it said.

In the supply chain and freight segment, UPS Freight, the company's less-than-truckload division, posted year-over-year revenue growth of 9 percent in the quarter, UPS said.

Kurt Kuehn, UPS's CFO, said the 2011 gains came amid a "volatile operating environment where trends varied by region." Kuehn, in a statement, said the company's 2012 view is "for mixed economic growth around the world, with modest improvements in the U.S."

Transportation Parcel & Postal Carriers
KEYWORDS UPS
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Marksolomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.

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