operating everyone. good performance period. margins year-over-year. we're Thanks, in planned enhanced quarter, and environment. had and Consolidated initiatives our within a a dynamic the XX%, UPS our The is expansion profits our were points evident the All transformation leverage morning, investments, an of XX grew building in strong three good performance. driven segments by multiyear basis Kate, during We execution
I cover to segments Today, for of an guidance our provide forward performance the XXXX. update will and
at segments. look Let's the
elements we the was and more X% both products, for volume than One of BXB was BXC. with in all notable most daily performance the across U.S. the strong growth Average up the quarter delivered in
market adopters their than who delivery shippers e-commerce as more large with early customers. jumped volume Day to Next are XX% faster opportunities seize we the of
in made meet we Our are air investments completely well is plus UPS grow and integrated air positioned [indiscernible] shift ground the to delivery automated, towards and our market profits. the with network, Day Next
Reported X% ground The than on air revenue growth margins of grew Next end and and increased and Day although and Saver solid a increased customers news X.X% almost increased and is improved reported higher basis. with over underlying ground volume yields mix good increase due were lower more day X% and on rates also Base base weighed a large products. Ground rates operating year-over-year to in product profitability. for X%. yields, showed customer profitability
additional startup U.S the operating of contributing results several cost been quarter, this years would business million up capabilities. have sorting an even the were X.X% in Domestic the The the automated in leverage increase new of business. costs lowest square In feet stronger positive to X without unit,
becoming agile, profit. to more ability capture enhancing generate opportunities rapidly scale to levels and higher and UPS's efficiency and gaining of We're market
U.S grew billion our $X.X over of X% a of actions, total result produced to a margin and profit revenue X.X%, XX%. was operating As we up
basis, the revenue environment. segment Revenue let's X%. for expansion quarter, currency entire quality margin international On revenue international and growth per was to business. nearly network of profit segment trade domestic piece management. as X.X% Now yield we up to was global the turn and deliver strength adjusted to the In leverage the driven our per the disciplined a challenging by flexibility piece operating increased neutral the the and for
seeing down a trade slightly, in we're growth of volumes lanes. were Although number
exports to Asia driven the regions growing except on of around year-over-year are down basis, the Brexit. all continue U.S. the world, a uncertainty to and by imports U.K be virtually exports
basis continent. profit, within margins for However, points operating in the and segment, UPS XX generated is year. European exports $XXX the the to growing quarter last million a second expanded record we compared by In
freight. chain We Turning to profit supply had result. another strong and
large expanded results We of XX our business. company's within segment effective part almost are XX% and X% due up margins supply execution contributed light second a profit freight best the deliver by Multiple basis leveraging chain the quarter to to as to strong its in of Operating points in our asset history. operating strategies. units the the flexibility
the chain, quality at We expanded spreads lower supply and executed the units controls, achieved of prudent on demand sell enabled in growth lane. freight market. individual Looking optimization of our profit to highlights revenue, some international generated all robust the gains softer tonnage. air on Coyote, higher cost of by quarter the productivity in brokerage truckload continues the outpace outstanding and another others had the these offsetting China-U.S division actions. They buy
profit Revenue is the pleased margins significantly by are we in executing well expanded. three and with was Across the market down operating progress the primarily of segments, showing and operating making. increased profit. businesses these driven gains rates, but overall we're Each
operations about generated billion sheet. and $X.X with that billion billion balance the capital $X.X in investments flow from and year-to-date. cash free cash to turn of let's UPS about Now adjusted in $X.X
We for target to meeting are flow with upside. our cash additional way on free our well potential
made we million $XXX ongoing funding in of in expected, costs increase contribution status. just the opportunistic As pensions, our lower an to an over and resulting
was the premiums. below significantly PBGC timing good rates long-term were Our interest as
same So in repurchased increase X.X% $X.X the million nearly $XXX a far dividends, represents million. period for this on share shares basis a we which year, about And distributed per X.X last billion year. UPS over
tax. to Moving
work filings, likely our a we for benefit As in effective tax through there's the quarter. potential that third favorable lower could upcoming rate
XX% to result, and full-year As a be expect tax we our XX%. between rate
expand shared in hours Kate in guidance. you: improvements others activate in extended to and with let me transit a including solutions, Business, Now the this moment before embedded and take My guidance, Choice new the on for to year's move we time XXXX that all pickup
As weekend we XXXX. operations Saturday targeted rollout, to Sunday coverage expand add in our and
and enhanced Access our the higher leverage produce of asset customers category all together proven Points UPS of SurePost. of transformation highly across are and of combination levels included our and great yesterday This network, seven in are our our will partnerships, part actions utilizes our the expanded target. utilization days. The technology driver to services brings long-term We broader and efficient for announced weekend our efficiency new
guidance. have XXXX, the conditions annual are of For changed, external remainder although we reaffirming our
trade As David exports and industrial remain world about uncertainty. mentioned, concerned forecast U.S headwinds and been lowered have we production for growing from the
of our tailwinds. favor, has company UPS number on Working specific a
services the a capacity U.S., inside momentum positive new as First, are introducing. the trade from we and efficiency as well network, especially and product in
from profit Day structural to Second, gains movement the Next more delivery.
completion from offset third others. from VRP benefits up headwinds the forecasted our Third, of my previously see discussed tax items mentioned like will year among benefit likely help in we will quarter, favorable And I a the program, in predominately the headwinds. talk, last currency as wrapping earlier which
positive guidance initiatives the We're of results Putting in transformation our and making progress $X.XX momentum share adjusted be everything per outlook, builds expected, our track we gains. that on together, current will earnings momentum the to half will as second stronger of the to remain our and the the strategy considerably visible and on than as half. year full-year confident other our economic remain Based on produce achieve $X.XX. first
And now Operator? operator the open I'll ask the line. to
