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<blockquote data-quote="moreluck" data-source="post: 56135"><p>Operating profit from UPS's international segment climbed 41 percent to $397 million, as sales rose 23 percent to $2 billion. The company carried 40 percent more shipments from Asia and 17 percent more from Europe. </p><p> </p><p> </p><p> </p><p>FedEx, the No. 2 package-shipping company, said on June 23 that its profit growth was slowing, in part because competition with UPS was holding down rates. </p><p> </p><p> </p><p> </p><p>``It appears UPS has reversed a nasty negative trend in ground volume to a positive trend,'' Broughton said. ``It's not surprising that the volume has turned, since they are using price as a weapon.'' </p><p> </p><p> </p><p> </p><p>The company's U.S. shipments by truck and rail rose 3.3 percent, the most since the third quarter of 2004. U.S. shipments at FedEx Ground rose 9 percent in its quarter that ended May 31. </p><p> </p><p> </p><p> </p><p>UPS's yield, or revenue per package, increased an average 2.4 percent for all U.S. shipments and 4.7 percent for international shipments. </p><p> </p><p> </p><p> </p><p>Operating profit at U.S. package operations rose 13 percent to $1.12 billion as sales increased 5.7 percent to $6.94 billion. </p><p> </p><p> </p><p> </p><p> ``UPS has reacted to disappointing results in recent quarters'' with cost controls and improved productivity, said Jon Langenfeld, an analyst at Robert W. Baird &amp; Co. in Milwaukee who rates the company an ``outperform.''</p></blockquote><p></p>
[QUOTE="moreluck, post: 56135"] Operating profit from UPS's international segment climbed 41 percent to $397 million, as sales rose 23 percent to $2 billion. The company carried 40 percent more shipments from Asia and 17 percent more from Europe. FedEx, the No. 2 package-shipping company, said on June 23 that its profit growth was slowing, in part because competition with UPS was holding down rates. ``It appears UPS has reversed a nasty negative trend in ground volume to a positive trend,'' Broughton said. ``It's not surprising that the volume has turned, since they are using price as a weapon.'' The company's U.S. shipments by truck and rail rose 3.3 percent, the most since the third quarter of 2004. U.S. shipments at FedEx Ground rose 9 percent in its quarter that ended May 31. UPS's yield, or revenue per package, increased an average 2.4 percent for all U.S. shipments and 4.7 percent for international shipments. Operating profit at U.S. package operations rose 13 percent to $1.12 billion as sales increased 5.7 percent to $6.94 billion. ``UPS has reacted to disappointing results in recent quarters'' with cost controls and improved productivity, said Jon Langenfeld, an analyst at Robert W. Baird & Co. in Milwaukee who rates the company an ``outperform.'' [/QUOTE]
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