On a reported basis, operating profit was $129 million as a result of the pension restructuring previously mentioned.
Rapid e-commerce growth drove gains in daily volume, with Ground and Deferred up 3.0% and 9.3%, respectively. Next Day Air volume expanded 5.7% over the prior-year period, as retailers continued to utilize UPS Next Day Air Saver® to differentiate their offerings.
Base rate improvements were more than offset by lower fuel surcharges, and changes in product and customer mix. Consequently, revenue per package declined 0.8% from the same quarter last year.
|Revenue||$2.94 B||$3.06 B|
|Operating profit||$449 M||$417 M|
|Operating margin||15.3 %||13.6 %|
|Average volume per day||2.3 M||2.3 M|
The International segment produced operating profit of $449 million, its highest third quarter ever. Operating margin was up 170 basis points over the prior-year period to 15.3%. Export package growth, network changes and currency translation contributed to this improvement.