2 publishers · first seen Tue, 27 Oct 2026 15:29 UTC · updated Thu, 29 Oct 2026 15:30 UTC
United Parcel Service (UPS) reported third-quarter results that exceeded Wall Street expectations, raising its full-year revenue guidance to approximately $92.6 billion. The company's revenue increased by 6.7% to $22.9 billion, driven by higher charges per package, particularly for international shipments. Despite a decline in profit, CEO Carol Tomé highlighted the company's focus on automation and efficiency, which is expected to benefit the upcoming holiday season. UPS anticipates a consistent growth in average daily volume between the third and fourth quarters, with nearly 70% of packages flowing through automated processes during the holiday season.
UPS has been working to transform its operations by increasing automation, cutting jobs, and focusing on higher-margin shipments and business services. The company's supply chain solutions business saw an 18.2% revenue increase, primarily driven by growth in forwarding and logistics, including healthcare. Despite a reduction in domestic average daily volume due to the reduction with Amazon, Tomé expects the consumer to remain resilient, and the growth in average daily volume between the third and fourth quarters will be consistent with last year.
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