UPS reported strong third-quarter earnings with a 5.6% revenue increase to $22.2 billion, and adjusted earnings per share of $1.76, surpassing last year’s figure. CEO Carol Tomé emphasized the company’s return to growth after a challenging period, highlighting a 47.8% rise in operating profit. Key segments included a 5.8% rise in U.S. domestic package revenue and an 8.0% increase in Supply Chain Solutions revenue. As UPS prepares for a compressed 2024 holiday season, they are optimizing pricing and operations while adapting to changing customer demands and market conditions.

Source: https://www.logisticsmgmt.com/article/ups_reports_third_quarter_earnings_gains/