113 annotations
Page 6 of 6
For the full year, in 2022, we still expect free cash flow to be around $9 billion, including our annual pension contributions. Capital expenditures are still planned to be about 5.4% of revenue or $5.5 billion
fcf same, capex same
Transcript
2022 Q2
1 Aug 22
nternational segment. In the second half of the year, we anticipate volume growth rates will improve relative to the first half, driven by our speed and service advantages in Europe.
INT voume growth better in h2 than h1
Transcript
2022 Q2
1 Aug 22
we anticipate volume growth rates will improve slightly in the second half of the year compared to the first half, and we expect revenue per piece to continue to increase year-over-year, but at a slower rate than in the front half of the year.
US DOMESTIC h2 volume growth rates to improve over h1, rev per piece to increase but at a slower rate
Transcript
2022 Q2
1 Aug 22
Supply Chain Solutions.
supply chain solutions
Transcript
2022 Q2
1 Aug 22
Revenue per piece increased 14.8%, including a 610 basis point decline due to currency, which was more than offset by a 1,300 basis point benefit from fuel. The remaining revenue per piece growth rate increased 790 basis points was from base pricing, product mix and revenue quality actions that we took.
rev per piece v good, not just fuel, ups internal actions helped
Transcript
2022 Q2
1 Aug 22
International segment.
international
Transcript
2022 Q2
1 Aug 22
To wrap up U.S. Domestic, the segment delivered $1.9 billion in operating profit, an increase of $180 million or 10.7% compared to the second quarter of 2021. And operating margin expanded 40 basis points to 12%
margin up profit up us domestic
Transcript
2022 Q2
1 Aug 22
So we pulled on most cost levers, but not all of them. Knowing that we would need to hire for peak soon, we did not want to make a short-term decision that would negatively impact service later in the year.
Our industry-leading service is driving revenue quality and is bringing new customers in the door. Helping to offset cost increases, we are continuing to see the benefits of our cube utilization and other productivity efforts.
didn't cut costs as much due to needing to hire for peak
Transcript
2022 Q2
1 Aug 22
s. Changes to price per gallon for fuel drove 400 basis points of the revenue per piece growth rate increase, and the remaining 790 basis points of revenue per piece improvement came from the actions we took, which included base rates, fuel pricing and mix improvements.
big increase in rev per piece
Transcript
2022 Q2
1 Aug 22
n the second quarter, SMB average daily volume, including platforms, grew 3.3% year-over-year. And SMBs made up 29.2% of our U.S. domestic volume, an increase of 200 basis points over last year, putting us well on our way to achieving our 2023 target of 30%.
smb increasing
Transcript
2022 Q2
1 Aug 22
B2B represented 43% of our volume, which was up from 40% in the second quarter of 2021.
b2b share of rv increasing
Transcript
2022 Q2
1 Aug 22
More than half of the decrease was due to actions we took with a few of our largest customers, to optimize air and ground volume we bring into our network. And the majority of the volume reduction from these customers was residential
half volume decrease down to actions taken by U.S (majority residential)
Transcript
2022 Q2
1 Aug 22
U.S. Domestic,
us domestic
Transcript
2022 Q2
1 Aug 22