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The Latest UPS Headlines
U.S. ecommerce, price hikes lift UPS profit but shares fall on outlook
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<blockquote data-quote="cheryl" data-source="post: 2989262" data-attributes="member: 1"><p><strong><a href="http://www.reuters.com/article/us-ups-results-idUSKBN1AC1TC" target="_blank">U.S. ecommerce, price hikes lift UPS profit but shares fall on outlook - Reuters</a></strong></p><p></p><p>United Parcel Service Inc on Thursday reported a higher-than-expected quarterly net profit due to rising ecommerce deliveries but investors worried about the company's performance in the back-half of the year and shares fell 4 percent.</p><p></p><p>The world's largest package delivery company said quarterly revenue at its core U.S. domestic package service rose 8 percent to $9.7 billion. Revenue per package in the domestic unit was up 3 percent, reflecting raised prices.</p><p></p><p>Both UPS and its main rival, FedEx Corp, have spent billions of dollars in upgrading their networks to handle rapidly rising e-commerce package volumes, particularly in the weeks leading up to Christmas, leaving investors frustrated over the expense.</p></blockquote><p></p>
[QUOTE="cheryl, post: 2989262, member: 1"] [B][URL='http://www.reuters.com/article/us-ups-results-idUSKBN1AC1TC']U.S. ecommerce, price hikes lift UPS profit but shares fall on outlook - Reuters[/URL][/B] United Parcel Service Inc on Thursday reported a higher-than-expected quarterly net profit due to rising ecommerce deliveries but investors worried about the company's performance in the back-half of the year and shares fell 4 percent. The world's largest package delivery company said quarterly revenue at its core U.S. domestic package service rose 8 percent to $9.7 billion. Revenue per package in the domestic unit was up 3 percent, reflecting raised prices. Both UPS and its main rival, FedEx Corp, have spent billions of dollars in upgrading their networks to handle rapidly rising e-commerce package volumes, particularly in the weeks leading up to Christmas, leaving investors frustrated over the expense. [/QUOTE]
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U.S. ecommerce, price hikes lift UPS profit but shares fall on outlook
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