ELAINE Analysis

United Parcel Service (UPS) Q3 2022 Earnings Call Transcript

   

What does the bell weather for retail say about the economy?

  • Growth in retail B2B is driven by return volume
  • Decline in manufacturing volumes
  • All the above is a prelude to recession
  • Findings from ELAINE analysis:-

    Key Focus:

      "B2B average daily volume was down 0.5% year-over-year due to declines in manufacturing volumes, which was partially offset by growth in retail B2B driven by returns volume"

      "In the third quarter, the gap between year-over-year B2C and B2B average daily volume growth rates narrowed as we lapped more normalized consumer shopping behaviors"

     

    Abstraction: Challenge

      (volume,negative,freight)
      (volume,negative,forwarding)
      (revenue,ooperating,profit,product)
      (revenue, fuel,negative)
      (revenue, negative,internal,fuel)
      (revenue, dap)

       

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