Search Company:
An operating profit of $7.5 billion in 2017.
UPS made an operating profit of $7.5 billion in 2017, up 38 per cent on the year before. Revenue for the year was up 8.2 per cent to $65.9 billion.
“We achieved our 2017 adjusted earnings-per-share target through exceptionally strong revenue and yield growth, coupled with benefits from our network investments and portfolio initiatives,” said chairman and chief executive David Abney.
“We made significant progress on key capacity investments in 2017. Our momentum, transformative actions and the economic catalyst from the Tax Cuts and Jobs Act (TCJA), position UPS for growth in 2018 and beyond. We expect to unlock significant resources, which will be available for accelerated investments in our network and create additional opportunities for our people.”
In the fourth quarter, operating profit was $1.5 billion compared to a loss of $428m in the fourth quarter of 2016. Revenue was up from $16.9bn to $18.8bn for the quarter. Read more
Source: LOGISTICS MANAGER
