|UPS saw an impressive 3.4% increase in revenue and 4.6%|
increase in package volume in the third quarter of 2013
UPS' strong Q3 performance was owing largely to the US domestic market, which saw significant increases in both revenue and profit. The International parcel delivery division saw revenue increase by 2.5% to $3 billion and daily package volume increase by 6.5%. Profits for the division nevertheless fell by $32 million year-on-year, which UPS said was due to a $75 million negative impact from currency and fuel.
TNT reported that the Americas and Europe Other performed well in the third quarter while Europe Main and Pacific regions experienced problems due to yield pressure and decline in weight per consignment. Overall, revenues fell by 6.6% to EUR 1.6 billion and adjusted operating income plunged 15.6% year-on-year. Commenting on the developments of the quarter, CEO Tex Gunning said "While some segments are showing better performance, overall trading conditions remain demanding and visibility limited. Our ultimate goal is to make TNT Express robust for the long term. We are therefore developing further initiatives to reinforce our market and operational positions.