I would like to welcome everyone to the UPS third quarter 2024 earnings conference call. [Operator instructions]. And after the speakers' remarks, there will be a question-and-answer period. [Operator instructions] It is now my pleasure to turn the floor over to your host,

United Parcel Service reported better-than-expected quarterly earnings. Shares were rising in early trading. UPS on Thursday announced third-quarter adjusted earnings per share of $1.76 and operating profit of $2 billion from sales of $22.

This quarter, analysts are expecting United Parcel Service’s revenue to grow 5.1% year on year to $22.13 billion, a reversal from the 12.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.62 per share.

The growth of UPS, as one of the world's largest courier services, can be gauged by its average daily package volume and average revenue per piece. It shipped a lot more packages throughout the pandemic in 2021, but its average package volumes declined in 2022 and 2023.