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26 UPS Annual Report 2004
Management’s discussion and analysis of financial condition and results of operations
Operations
The following tables set forth information showing the change in revenue, average daily package volume, and average revenue per
piece, both in dollars or amounts and in percentage terms:
Year Ended December 31, Change
Revenue (in millions): 2004 2003 $ %
U.S. domestic package:
Next Day Air $ 6,040 $ 5,580 $ 460 8.2%
Deferred 3,161 2,982 179 6.0
Ground 17,409 16,460 949 5.8
Total U.S. domestic package 26,610 25,022 1,588 6.3
International package:
Domestic 1,346 1,134 212 18.7
Export 4,944 4,001 943 23.6
Cargo 472 426 46 10.8
Total International package 6,762 5,561 1,201 21.6
Non-package:
UPS Supply Chain Solutions 2,346 2,126 220 10.3
Other 864 776 88 11.3
Total Non-package 3,210 2,902 308 10.6
Consolidated $36,582 $33,485 $ 3,097 9.2%
Average Daily Package Volume (in thousands): #
U.S. domestic package:
Next Day Air 1,194 1,185 90.8%
Deferred 910 918 (8) (0.9)
Ground 10,676 10,268 408 4.0
Total U.S. domestic package 12,780 12,371 409 3.3
International package:
Domestic 815 786 29 3.7
Export 541 481 60 12.5
Total International package 1,356 1,267 89 7.0
Consolidated 14,136 13,638 498 3.7%
Operating days in period 254 252
Average Revenue Per Piece: $
U.S. domestic package:
Next Day Air $19.92 $18.69 $ 1.23 6.6%
Deferred 13.68 12.89 0.79 6.1
Ground 6.42 6.36 0.06 0.9
Total U.S. domestic package 8.20 8.03 0.17 2.1
International package:
Domestic 6.50 5.73 0.77 13.4
Export 35.98 33.01 2.97 9.0
Total International package 18.26 16.08 2.18 13.6
Consolidated $9.16 $8.77 $0.39 4.4%