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The Latest UPS Headlines
More parcels, higher prices lift UPS profit but costs soar
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<blockquote data-quote="cheryl" data-source="post: 3483601" data-attributes="member: 1"><p><strong><a href="https://www.reuters.com/article/us-ups-results/more-parcels-higher-prices-lift-ups-profit-but-costs-soar-idUSKBN1HX1R5" target="_blank">More parcels, higher prices lift UPS profit but costs soar - Reuters</a></strong></p><p></p><p>United Parcel Service Inc (UPS.N) reported higher first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. segment, but higher costs from Saturday delivery and nasty winter weather weighed on the bottom line. </p><p></p><p>Shares were up 2.2 percent in morning trade after the world’s largest package delivery company said revenue increased 10 percent to $17.1 billion in the first quarter from a year ago, topping analyst expectations of $16.47 billion.</p><p></p><p>Revenue at its core U.S. package service rose 7.2 percent to $10.2 billion from a year-ago, driven by a 4.6-percent rise in parcel volumes that reflected growth of online purchases.</p></blockquote><p></p>
[QUOTE="cheryl, post: 3483601, member: 1"] [B][URL='https://www.reuters.com/article/us-ups-results/more-parcels-higher-prices-lift-ups-profit-but-costs-soar-idUSKBN1HX1R5']More parcels, higher prices lift UPS profit but costs soar - Reuters[/URL][/B] United Parcel Service Inc (UPS.N) reported higher first-quarter net profit on Thursday, driven by strong package volumes in its core U.S. segment, but higher costs from Saturday delivery and nasty winter weather weighed on the bottom line. Shares were up 2.2 percent in morning trade after the world’s largest package delivery company said revenue increased 10 percent to $17.1 billion in the first quarter from a year ago, topping analyst expectations of $16.47 billion. Revenue at its core U.S. package service rose 7.2 percent to $10.2 billion from a year-ago, driven by a 4.6-percent rise in parcel volumes that reflected growth of online purchases. [/QUOTE]
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More parcels, higher prices lift UPS profit but costs soar
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