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The Latest UPS Headlines
UPS profit falls as brutal winter raises costs
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<blockquote data-quote="cheryl" data-source="post: 1313409" data-attributes="member: 1"><p><a href="http://www.reuters.com/article/2014/04/24/us-ups-results-idUSBREA3N10D20140424" target="_blank"><strong>UPS profit falls as brutal winter raises costs - Reuters</strong></a></p><p></p><p>United Parcel Service Inc (UPS.N), the world's biggest courier company, reported a 12 percent fall in quarterly profit due to increased overtime and transport costs related to a colder-than-usual winter in the United States.</p><p></p><p>The company also warned that full-year earnings were likely to come in at the lower end of its earlier forecast, citing the "challenging" start to 2014.</p><p></p><p>UPS joins a growing list of companies, including closest rival FedEx Corp (FDX.N), that have blamed the harsh winter for weak results and a subdued outlook for 2014.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1313409, member: 1"] [URL='http://www.reuters.com/article/2014/04/24/us-ups-results-idUSBREA3N10D20140424'][B]UPS profit falls as brutal winter raises costs - Reuters[/B][/URL] United Parcel Service Inc (UPS.N), the world's biggest courier company, reported a 12 percent fall in quarterly profit due to increased overtime and transport costs related to a colder-than-usual winter in the United States. The company also warned that full-year earnings were likely to come in at the lower end of its earlier forecast, citing the "challenging" start to 2014. UPS joins a growing list of companies, including closest rival FedEx Corp (FDX.N), that have blamed the harsh winter for weak results and a subdued outlook for 2014. [/QUOTE]
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