UPS profit tops Street view, sees challenges ahead - Smart Money
United Parcel Service Inc.'s (UPS) third-quarter net income fell 9.9% as productivity gains and cost controls failed to offset high fuel costs and a drop in volume. The world's largest package-delivery company, however, affirmed its full-year earnings projection.
Chief Executive Scott Davis said, "We continue to see growth in our international and supply-chain businesses while maintaining our focus on cost control and revenue management throughout our organization."