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LTL trucker reports higher volume, yields as rates, shipment weight rise
UPS Freight increased its revenue 19 percent to $660 million in the second quarter, improving its revenue per hundredweight and profitability, the company said.
The industrial trucking unit of package delivery giant UPS improved its revenue per hundredweight, or yield, 11.2 percent over the same quarter last year. Higher yield signals increases in both fuel surcharge revenue and LTL rates. UPS will raise its non-contract rates and accessorial charges 6.9 percent Aug. 1.
The nation’s fourth-largest less-than-truckload carrier is building on its performance in 2010, when it increased revenue 13.6 percent to $2.2 billion. UPS Freight increased its revenue 9.4 percent from $604 million in the first quarter, though the rate of year-over-year expansion dropped from 22.8 to 18.9 percent.................
UPS Freight Increases Sales 19 Percent | Journal of Commerce
UPS Freight increased its revenue 19 percent to $660 million in the second quarter, improving its revenue per hundredweight and profitability, the company said.
The industrial trucking unit of package delivery giant UPS improved its revenue per hundredweight, or yield, 11.2 percent over the same quarter last year. Higher yield signals increases in both fuel surcharge revenue and LTL rates. UPS will raise its non-contract rates and accessorial charges 6.9 percent Aug. 1.
The nation’s fourth-largest less-than-truckload carrier is building on its performance in 2010, when it increased revenue 13.6 percent to $2.2 billion. UPS Freight increased its revenue 9.4 percent from $604 million in the first quarter, though the rate of year-over-year expansion dropped from 22.8 to 18.9 percent.................
UPS Freight Increases Sales 19 Percent | Journal of Commerce
