UPS profit falls as global customers use cheaper shipping

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 23, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    UPS profit falls as global customers use cheaper shipping - Yahoo

    United Parcel Service Inc (UPS) on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.

    Earlier in the month, UPS said it expected to report a quarterly profit below analysts' expectations due to a weak U.S. industrial economy, customers switching to less expensive shipping options and overcapacity in the global air freight market.