After the stomach churning downturn of 2009, the past year has restored some strength to the courier and ex-press business, as the results of the larger players amply show. The two top operators south of the bor-der, UPS and FedEx posted sharp improve-ments in their balance sheets. The latest result from UPS shows a third quarter oper-ating profit of US$1.92 billion, driven by strong growth across all business segments. Operating profits in its US domestic and international package sectors soared 98.4% and 33.9%, respectively. FedEx, which expanded its domestic overnight service in September, tabled a 99% rise in operating income for the quarter ended Aug. 31, while net income surged 110% and operating margin climbed from 3.9% a year earlier to 6.6%.
展开▼
