UPS 2Q: Revenue down, profit way up

UPS reported second-quarter net income up over 170% y-o-y to $1.23 billion, as total revenue declined 1.2% to $14.09 billion. Reported operating income for the quarter was up over 160% to $1.96 billion. Of course, the huge gains in reported operating income and net income shrink substantially when adjusted for a major one-time charge taken […]

TNT breaks even, increases CapEx in Q2

TNT Express reported second-quarter net income of €0, down slightly from the €1 million reported in the second quarter of 2014. This breakeven net result came despite a 6.2% increase in revenue to €1.76 billion. Reported operating income for the quarter was €19 million, up from €3 million in 2Q14. However, after taking into account […]

“A billion here, a billion there…”

“A billion here, a billion there…” So starts the famous quote attributed to former US senator Everett Dirksen. In FedEx’s case, as when Dirksen first said it, it ends with “and pretty soon you’re talking about real money.” When FedEx last week reported its fourth-quarter results for the 2015 fiscal year, the gap between reported and adjusted net […]

Express shines in DP-DHL’s first quarter

Deutsche Post-DHL reported first-quarter net income down 1.4% to €495 million, as total revenue increased 8.8% to €14.77 billion. Operating profit (EBIT) for the quarter was down 1.0% to €720 million. DP-DHL has four reporting divisions, and in the first quarter two of them turned in strong performances, while the other two did less well, […]

Differing strategies in Europe

The big-three European combination carriers continued to pursue their widely diverging cargo strategies in the first quarter, with – no surprise here – widely diverging results. Historically, all three have had a strong focus on cargo, but all three have seen their cargo traffic fall while the general trend worldwide has been steady growth for […]

Expeditors goes from strength to strength

The phrase “I have no weaknesses, I have only varying degrees of strength” may have originated as a joke, but the concept certainly applies to US-based forwarder Expeditors International, which reported first-quarter 2015 net income up 27.3% y-o-y to $107 million, as net revenue increased 14.0% to $529 million. Operating income for the quarter was up […]

Package segments drive strong UPS quarter

UPS reported first-quarter 2015 net income up 12.6% y-o-y to $1.15 billion, as total revenue rose 1.4% to $13.98 billion. Operating income for the quarter was up 10.6% to $1.67 billion. All three of the company’s reporting segments contributed to the overall gains, with particularly strong performances by the International and Domestic Package segments, where […]
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