UPS operating profit more than doubles in 3Q2013

UPS revenue up 3% - financial highlights for three months ended 30-Sep-2013:

• Total revenue: USD13,521 million, +3.4% year-on-year;
• • US Domestic Package: USD8254 million, +5.0%;
  • International Package: USD3017 million, +2.5%;
  • Supply chain and freight: USD2250 million, -0.7%;
• Total operating costs: USD11,717 million, -4.8%;
• Operating profit: USD1804 million, +136%;
• • US Domestic Package: USD1186 million, +819%;
  • International Package: USD417 million, -7.1%;
  • Supply chain and freight; USD201 million, +6.9%;
• Net profit: USD1097 million, +134%;
• Total assets: USD37,477 million;
• Cash and marketable securities: USD6649 million;
• Total liabilities: USD33,822 million. [more - original PR]

UPS: "Third quarter results were strong and in line with our expectations. Looking to the fourth quarter, although some major retailers have expressed caution about holiday spending, they still expect robust online sales," Kurt Kuehn, CFO. Source: Company statement, 25-Oct-2013.