Strong post-holiday season boosts UPS profit - Reuters
United Parcel Service Inc (UPS.N), the world's largest package-delivery company, reported a quarterly profit above analysts' estimates, buoyed by a stronger-than-expected post-holiday season in January.
Daily package volume in the United States grew 4.4 percent, led by UPS Ground, which delivered 531,000 more packages per day.
As cost-conscious consumers shift from air express to slower and cheaper modes of shipping, UPS's stronger North American domestic network puts it in a better position than rival FedEx Corp (FDX.N), which focuses more international air shipments.
United Parcel Service Inc (UPS.N), the world's largest package-delivery company, reported a quarterly profit above analysts' estimates, buoyed by a stronger-than-expected post-holiday season in January.
Daily package volume in the United States grew 4.4 percent, led by UPS Ground, which delivered 531,000 more packages per day.
As cost-conscious consumers shift from air express to slower and cheaper modes of shipping, UPS's stronger North American domestic network puts it in a better position than rival FedEx Corp (FDX.N), which focuses more international air shipments.
