Richard N. Peretz
good and Jim, Thanks, morning.
across in Freight IR expected some to and strong on website. where our we the look International and be due in Supply in performance the quarter, conditions while UPS give can changes. had adopted enterprise, also section strong Volume the yields a was underperformed, FASB We've on the pension accounting presentation schedules made the Also U.S. expanded. to new revenue found We weather this changes new XX%. web increased the segments, added than the our and shifted product & that headwinds. A Chain expected. of We both the difficult in clarity investors quarter, income items standards statement. $X.XX about share per primarily we As more growth earnings Domestic
accounting net non-operating quarter, moving operating to the profit. $XXX benefit For from million in the resulted pension of profit change
X.X%. per for rates shippers up through products in in the average industry of piece part than and Base X.X%, revenue the across U.S., the Reported detail, the Revenue X.X%. increased faster daily services was was driven multiple for increase with revenue faster manufacturing. trends Now and increased Air by seeking volume segment demand UPS for air ground. healthcare, e-commerce improving an X.X%, $XX.X Average Next option. delivery with over improvements segments, shipment expanding with all grew quarter, Air Day High Deferred was in billion, retail, quarter. including
serve. pricing opportunities reflect to value identify and align We to continue to the to cost better creation
are parts made winter planned, action activity we U.S. characteristics in additional this storm later conditions quarter, implementing pricing difficult unfavorable of working the As Also with packages on the year. in
our There quarter. expense we drag network result, revenue. a related impact operating were the as in of expense lower come pension about as network deployment this In In first the yet in fact, operations; XX lost three-year disruptions And also year phase. We the XX additional of capital to a project weather continued this million. year. of headwinds: first, we a are profit Saturday online; second, experienced $XX the discount and the from was we of parts of as weeks well to peak XXXX, rate incurred finally, on weather during estimate three expected operating
benefits costs all as network the startup this of second in most incurring are of we half year. the buildings While realized the not year, online be will come the today,
Now On looking double-digit Global in growth grew per and growth portfolio the export segment, both and extract domestic at to International and domestic Europe-to-U.S. gain. two industry-leading portfolio Operating and leveraging $XXX quarter Easter less XX%, due quarter the local the unique our countries to a basis, to currency day first highest impacted XX% results our momentum good Revenue profit, in by network value. XXth executing superior strategy. operating increased growth. potential this profit lines. at XXX was Also about XX%. at products. Reported profit and per trade U.S.-to-Europe with point are is strongest almost It's cross-border million, profit export most operating and package that pan-European International strategy, growth adjusted to the our export all our the XX%, the points. shipments were due firm, with margins outstanding. revenue in. with and of we've contributing about revenue another the of we timing shipments, in of and consecutive to and impeded in We increased remains enhancements had growth proof upside basis operating the days with regions invested
Freight XX% million across last units. profit increased to look of Supply over & XX%, let's profit increase Total Now, with segment. gains XX% on the an year. Operating jumped $XXX top revenue than Chain in more business all at
for Coyote, revenue as truck their produce middle-market focus to digits the across American gains gains and segment's brokerage with strategies prior the Forwarding significant conditions, moving North and ship year. market air we high-quality in our division, and produced over drove expect growth U.S. progress are both and were customers The in good jumped on our improvements the great market mid-single the Tonnage ability and along forward. momentum results, global on portfolio in expansion. good international units. positive continues significant the to making service, profitable asset-light forwarding XX%, pricing
increase hallmark year. of about Now, our nearly balance this first share. let's to flow plan billion, strong a free $XXX to $X XX% in of billion on $X.X to We billion company well $X.X flow dividends, our a the UPS, represents quarter which of and we're million produced turn distributed The sheet. target in per free cash meet cash
for deployment million. We in, X.X billion we expected, several $XXX as the major at back just Capital over shares for as investments up bring also online in repurchased $X.X came gear of million our and multiyear XX% to half to capital achieve from investments, position this The return of expanding year. continue to pricing and benefits these UPS well transformation invested new XX%. on targets actions facilities efficiencies
taxes. Now, let's turn to
due stock-based over our tax was discrete for quarters Our about effective the for expect just that by we million. XX% tax rate at percentage vesting in $XX X.X the XXXX. XX%, Also items annual be rate the of and to the in the lowered points. of quarter compensation of tax to between rate resolution over Currently, three came XX% remaining just
U.S. in change in rate cash Treasury defining as benefits and Further, put lower, rate is tax to tax even to from our rate as mid- the the subject mid-single-digits. funding Department our should final. the This rate pension next the during our is Additionally, still pushed years. will be the items become high-teens year's few will the be regulations,
Now turning guidance. to
to increase is felt look busy we earnings moving financial achieving helpful initiatives year's adjusted internal several a last reaffirming a transformation and $X.XX for to are closer included As We're quarters the year, our XXXX in not our on to results. over year, a the share XX% per guidance. external $X.XX, add reminder, parts. clarity. of are an would with the XX% our be guidance well to XXXX and way at of our targets We new
as of Prior is growth share anticipate the the new the Looking to anticipated be benefits third we offset fourth us, tax be good less XX%. and the facilities to business in per somewhat peak be across and earnings quarter, not in of days operating the open to calendar but works before second highest to in XXXX, Performance remainder season. expected in range two against we with quarter the XX% the will repeat, are the as U.S. December. year in
in Freight the to the Chain offset quarter a We're in off result, U.S. impact mid-teens. be start, severe As helping great with a both Supply fourth and & earnings in to share International expected the per is growth results segments, the weather solid
initiatives the value. transformation the you for Operator? the to in And growing shareowner begun business operator As the to to and we've today. you we look that the at the to rest year, discuss I'll our forward We out line. months now, Thank look set. lay that with driving of ask open We're plans are increase coming you. meeting initiatives the
