UPS May Have Missed Out from Late Season Shipping Surge — Panjiva


UPS May Have Missed Out from Late Season Shipping Surge

Corp - Forwarders 157 Earnings 365 Global 724 Mode - Seaborne 1275

UPS reported fourth quarter revenues that increased by 5.4%, the slowest rate since 3Q 2016, as a result of lackluster growth in the international segment and supply chain services businesses. That in part was the result of “exports from Asia to the U.S. (being) down due to the changing trade environment” according to CFO Rich Peretz. That leaves UPS in a somewhat unusual position compared to its peers. It shouldn’t be a surprise though given its U.S. seaborne imports fell 9.0% in 4Q year over year compared to an industry average increase of 7.7%. Looking ahead the comp...

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