UPS 3rd quarter profits up 23%

Operating profit growth at UPS grew by more than 20% in Q3, with growth driven by the US Domestic and international segments.

“Our results reflect significant progress from our transformation initiatives, and our ability to generate growth and deliver increased efficiencies in a dynamic economic environment,” said David Abney, UPS chairman and CEO. “As we recently announced, we continue to forge new partnerships and create innovative solutions to accelerate growth in the most attractive opportunities.”

Transformation costs are excluded from the adjusted results. Consolidated revenue grew by 5% to $18.3bn. Operating profit grew by over 23%.

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