Atlanta, U.S-based United Parcel Service Inc (UPS) has raised its full-year 2021 outlook to revenue growth of 13.8 percent and adjusted operating margin of 13 percent on strong consumer demand expected during the peak season and in the fourth quarter.
UPS reported a 9 percent increase in revenue at $23.2 billion for the third quarter ended September 30, 2021 on a 12 percent rise in revenue per piece in the domestic market.
Consolidated operating profit was up 23 percent to $2.9 billion.
Carol Tomé, chief executive officer, UPS, said the key focus area is reducing the cost to serve through productivity and cost take-out initiatives. "I want to thank all UPSers for delivering what matters with great service to our customers. The actions we are taking under our better not bigger strategic framework to improve revenue quality, enhance productivity and remain disciplined on capital allocation are driving our positive financial performance.”
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