Rising revenue boosts UPS profit; 2016 forecast confirmed

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 29, 2016.

  1. cheryl

    cheryl I started this. Staff Member

    Rising revenue boosts UPS profit; 2016 forecast confirmed - Reuters

    United Parcel Service Inc (UPS.N) reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed its full-year earnings outlook despite global economic uncertainty.

    Chief Executive David Abney told Reuters UPS is adding capacity to its network and will work more closely with retailers ahead of this year's crucial holiday peak season.