Third quarter earnings results issued today by Atlanta-based UPS were solid despite challenges posed during the quarter as a result of multiple hurricanes and other natural disasters.
Restoring service to areas experiencing difficult conditions created by several natural disasters was a core focus for UPS during the quarter, explained Abney, who praised UPS employees for their dedication in delivering life-sustaining supplies in affected areas. And he added that growth in the quarter was driven by sustained revenue expansion in all segments, but in the U. For packages, a large package surcharge will apply to any U.
Domestic package with a length exceeding 96 inches or a length plus girth greater than inches, effective December And the dimensional weight divisor for packages less than or equal to one cubic foot in size 1, cubic inches will be for all U.
UPS also said that with the launch of UPS Saturday Ground pickup and delivery service, customers in nearly 4, cities and towns across the country will benefit from five additional ground pickup and delivery days between Thanksgiving and Christmas. Jerry Hempstead, president of Hempstead Consulting, said that third quarter success for UPS was evident but expressed caution regarding the coming rate increases.
It tells me the economy is getting stronger, because when the economy gets tight the first thing to go is the premium next day product when shippers make a routing decision. Looking forward, the rates are loaded with accessorial land mines for shippers. It's good for UPS but extremely onerous for shippers. It's so complex that shippers are going to have great difficulty getting their arms around the impact, without external professional help.
Latest Resource Making the Case: UPS turns in strong third quarter earnings performance Third quarter earnings results issued today by Atlanta-based UPS were solid despite challenges posed during the quarter as a result of multiple hurricanes and other natural disasters.
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