UPS Q2 revenues up 13.4%

Consolidated revenues at UPS grew 13.4% in the second quarter of 2020 by comparison to Q2 in 2019, from volumes of 2.1 million packages daily worldwide.

From revenues of $20.5bn in the quarter, net income was $1.8 billion, and adjusted operating profit was $2.3 billion, a growth of 7.4% compared to last year.

Carol Tome, UPS chief executive officer, commented: “Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia,”

“UPSers are keeping the world moving during this time of need and I want to thank our team for their hard work and outstanding efforts to serve our customers, our communities and each other.”