Image source: The Motley Fool. Thursday, January 30, 2025 at 8:30 a.m. ET Call participants Chief Executive Officer — Carol B. Tomé Chief Financial Officer — Brian Dykes President, U.S. Operations — Nando Cesarone President, U.S. Marketing and Experience — Matt Guffey Chief Financial Officer, Corporate — PJ Guido President, International, Healthcare and Supply Chain Solutions — Kate Gutmann Takeaw...
Image source: The Motley Fool. Thursday, January 30, 2025 at 8:30 a.m. ET Call participants Chief Executive Officer — Carol B. Tomé Chief Financial Officer — Brian Dykes President, U.S. Operations — Nando Cesarone President, U.S. Marketing and Experience — Matt Guffey Chief Financial Officer, Corporate — PJ Guido President, International, Healthcare and Supply Chain Solutions — Kate Gutmann Takeaways Consolidated revenue -- $25.3 billion, up 1.5%, with fourth quarter operating profit of $3.1 billion, a rise of 11.2%, and consolidated operating margin of 12.3%. -- $25.3 billion, up 1.5%, with fourth quarter operating profit of $3.1 billion, a rise of 11.2%, and consolidated operating margin of 12.3%. U.S. domestic segment -- Operating margin exceeded 10% for the quarter; U.S. average daily volume (ADV) was flat, ground ADV up 2.1%, and air ADV down 12.9%, with air ADV, excluding largest customer, showing growth from healthcare and high-tech customers. -- Operating margin exceeded 10% for the quarter; U.S. average daily volume (ADV) was flat, ground ADV up 2.1%, and air ADV down 12.9%, with air ADV, excluding largest customer, showing growth from healthcare and high-tech customers. Revenue per piece growth -- U.S. domestic revenue per piece rose 2.4% year over year, attributing about 250 basis points to base rates, 110 basis points to holiday surcharges, with customer and product mix, as well as lighter weights, reducing by 80 basis points, and fuel impacting by a further 40 basis points. -- U.S. domestic revenue per piece rose 2.4% year over year, attributing about 250 basis points to base rates, 110 basis points to holiday surcharges, with customer and product mix, as well as lighter weights, reducing by 80 basis points, and fuel impacting by a further 40 basis points. Labor cost trajectory -- Fourth quarter union wage rate increased 3%, compared to 10.5% average growth over the prior four quarters, while total U.S. domestic expense increased by 1.3%. -- Fourth quar...