Parcels giant UPS has posted yet another stunning quarterly result, with earnings for the fourth quarter of 2006 going up by 11.2% and international operating profits rising by 8% to exceed $1.7bn (£865m).
Package volume hit a new high in 2006 at almost 4 billion packages, an average of 15.6 million per day, exceeding 20 million on seven days in the year.
UPS also ended 2006 with nearly $2 billion in cash,
having generated cash from operations of $5.7 billion. It purchased 32.6 million shares, paid $1.6 billion in dividends and invested $3.1 billion in capital expenditure.
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