Strong post-holiday season boosts UPS profit

Discussion in 'The Latest UPS Headlines' started by cheryl, Apr 25, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    Strong post-holiday season boosts UPS profit - Reuters

    United Parcel Service Inc (UPS.N), the world's largest package-delivery company, reported a quarterly profit above analysts' estimates, buoyed by a stronger-than-expected post-holiday season in January.

    Daily package volume in the United States grew 4.4 percent, led by UPS Ground, which delivered 531,000 more packages per day.

    As cost-conscious consumers shift from air express to slower and cheaper modes of shipping, UPS's stronger North American domestic network puts it in a better position than rival FedEx Corp (FDX.N), which focuses more international air shipments.