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The Latest UPS Headlines
UPS Reaps the Reward of Price Increases
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<blockquote data-quote="cheryl" data-source="post: 2988052" data-attributes="member: 1"><p><strong>UPS Reaps the Reward of Price Increases - Bloomberg</strong></p><p></p><ul> <li data-xf-list-type="ul">Revenue per package rose 3% in U.S., exceeding expectations</li> <li data-xf-list-type="ul">Courier is trying to improve efficiency of home deliveries</li> </ul><p></p><p>United Parcel Service Inc. is finally figuring out how to make money from the surge in online shopping.</p><p></p><p>Revenue per package in the U.S. rose 3 percent in the second quarter, the courier said Thursday as it reported earnings. Analysts were estimating a gain of about 2 percent from the higher prices and new fees on over-sized items the company implemented this year.</p><p></p><p>The sales increase for each parcel is bolstering results as UPS ramps up capital spending by more than a third this year to automate warehouses, add new jets and upgrade technology. The world’s largest package-delivery company is racing to improve the efficiency of residential deliveries, which are booming because of e-commerce -- but are far less profitable than shipments to businesses.</p></blockquote><p></p>
[QUOTE="cheryl, post: 2988052, member: 1"] [B]UPS Reaps the Reward of Price Increases - Bloomberg[/B] [LIST] [*]Revenue per package rose 3% in U.S., exceeding expectations [*]Courier is trying to improve efficiency of home deliveries [/LIST] United Parcel Service Inc. is finally figuring out how to make money from the surge in online shopping. Revenue per package in the U.S. rose 3 percent in the second quarter, the courier said Thursday as it reported earnings. Analysts were estimating a gain of about 2 percent from the higher prices and new fees on over-sized items the company implemented this year. The sales increase for each parcel is bolstering results as UPS ramps up capital spending by more than a third this year to automate warehouses, add new jets and upgrade technology. The world’s largest package-delivery company is racing to improve the efficiency of residential deliveries, which are booming because of e-commerce -- but are far less profitable than shipments to businesses. [/QUOTE]
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UPS Reaps the Reward of Price Increases
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