Skip to content

UPS Sees Higher Trucking Profits Ahead

9/15/2011 1:00:00 PM
Write a Letter to the Editor

Print This

UPS Inc. officials Thursday set ambitious financial targets based on profit growth of about 10% companywide, reiterated its adjusted 2011 earnings and said its trucking profits could double over the next three years.

Adjusted earnings will be $4.15 to $4.40 a share, UPS said, adding that its profit would be $6.90 to $8.60 per share on that basis by the year 2016 as the U.S. economy strengthens.

Revenue by 2016 will be $72 billion to $79 billion, company officials said at an investors meeting that was webcast on Thursday.

Chief Financial Officer Kurt Kuehn said profits are expected to double at its UPS Freight less-than-truckload unit by 2014, producing a 6% operating margin.

Domestic package profit growth was forecast at 7% to 10% annually through 2016, with annual revenue growth of 5%-6% over the same period from $29.7 billion last year, Kuehn said.

The most ambitious profit target is international business, Kuehn said, with 10%-15% annual improvement through 2016, with revenue growth of as much as 12% from $11.1 billion in 2010.

The company on Wednesday unveiled a new service, to be called ‘My Choice,’ that will allow UPS customers more delivery options.

UPS Inc. is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

Follow Transport Topics on RSS Twitter Facebook

 Print This

© 2011, Transport Topics Publishing Group. All rights reserved.




UPS Sees Higher Trucking Profits Ahead (9/15/2011 1:00:00 PM)
UPS Sets ‘My Choice’ Service to Boost Delivery Options (9/14/2011 4:00:00 PM)
Mail Haulers Monitor USPS Funding Crisis, Government Response to Payment Deadline (9/12/2011 6:45:00 AM)
Protecting Shipments From Harm Still Top Goal As Fleets Seek Ways to Minimize Breakage (9/12/2011 6:30:00 AM)
Trucking Plays Key Role in Three-Way Teamsters Race (9/12/2011 5:45:00 AM)
Rookie Represents Family’s Third Generation to Compete in ATA’s ‘Super Bowl of Safety’ (8/8/2011 9:00:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA