UPS on Confrerence Call; Stock trading at $99.51 in pre-market
- Expect base rate to be up 3%.
- International revenue expected to be up 2-3%.
- 2015 EPS guidance remainsunchanged at 6-12%.
- Ground yields were up 3%.
- Says peak season pricing strategy is already in place.
- Did not renew some lower yielding customers; helped improve margins.
- Says a lot of the West Coast port issues have been cleaned up.
- April saw stable improvements in LTL; expect 3% growth moving forward; does not expect any changes barring any labor disputes.
- Seeing improvement in inefficiencies in European build out.
- Expects to see review of FDX, TNTEY deal.
- Current hedge strategy is protected until the end of 2016; strategy is to use a collar approach to protect currency while business grows.