UPS 2013 Annual Report Download - page 9

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07
to our communities and gave 1.8 million hours in volunteer
service. We also provided $7.5 million in humanitarian relief
funding and assisted with 250 humanitarian shipments
across 46 countries.
2014 and Beyond
In summary, we remain positive in our outlook for 2014.
The improving global economy and the continued growth
in e-commerce, healthcare and technology provide opportunities
for UPS to deliver segment-speci c customer solutions
while leveraging our extensive asset base. Further, we expect
e-commerce growth across all major global markets, with
strong growth in the United States. As a result, UPS expects
earnings per share to grow within a range of $5.05 to $5.30,
which would represent EPS growth of 11 percent to 16 percent
over adjusted 2013 results4.
I am optimistic beyond 2014 as well. The rise of emerging
economies such as China, Brazil and Mexico is creating new
consumer classes in these markets. Roughly a billion people
from the developing world are now entering the market for the
goods and services they see on display in the developed world,
setting the stage for a new boom in global trade. According to
some forecasts, global trade in goods is expected to increase
at an average annual rate of 6 percent between now and 2030.
If that prediction holds true, global trade  ows could more
than triple over the next generation. The implications could
be signi cant for logistics providers like UPS that connect the
global economy. We strongly support trade agreements that
enable global commerce. The proposed trade pacts between
the United States and Europe, and the Americas and Asia are
a step in the right direction and should be enacted.
The global economy has changed dramatically since the
recession in 2008, and we expect this evolution to continue.
Whatever the future holds, I am con dent UPS will play an even
greater role in enabling global commerce in the years ahead. On
behalf of the approximately 400,000 employees of UPS, I thank
you for your continued support and your investment.
D. Scott Davis
Chairman and CEO
2013 3.8
2012 1.6
2009 0.6
2014* 2.7
Share Repurchase
in billions of dollars
0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0
2008
2010
2011
3.6
0.8
2.7
* projected
We provided $7.5 million
in humanitarian relief funding
and assisted with
250 humanitarian shipments
across 46 countries.