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Brown Cafe UPS Forum
The Latest UPS Headlines
UPS delivers profit, revenue beat on e-commerce demand
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<blockquote data-quote="cheryl" data-source="post: 5044070" data-attributes="member: 1"><p><a href="https://www.cnbc.com/2021/10/26/ups-profit-rises-23percent-on-e-commerce-demand.html" target="_blank"><strong>UPS delivers profit, revenue beat on e-commerce demand - CNBC</strong></a></p><p></p><p>United Parcel Service reported better-than-expected quarterly earnings and revenue on Tuesday, bolstered by strong e-commerce demand that has allowed the delivery firm to raise shipping prices and cherry-pick more profitable customers.</p><p></p><p>The company also raised its full-year adjusted operating margin target to about 13% from about 12.7%, ahead of the holiday season.</p><p></p><p>Shares of Atlanta-based UPS were up about 2% before the opening bell.</p><p></p><p>UPS and rival FedEx Corp are delivering record number of e-commerce packages amid labor shortages since Covid-19 shifted shopping online.</p></blockquote><p></p>
[QUOTE="cheryl, post: 5044070, member: 1"] [URL='https://www.cnbc.com/2021/10/26/ups-profit-rises-23percent-on-e-commerce-demand.html'][B]UPS delivers profit, revenue beat on e-commerce demand - CNBC[/B][/URL] United Parcel Service reported better-than-expected quarterly earnings and revenue on Tuesday, bolstered by strong e-commerce demand that has allowed the delivery firm to raise shipping prices and cherry-pick more profitable customers. The company also raised its full-year adjusted operating margin target to about 13% from about 12.7%, ahead of the holiday season. Shares of Atlanta-based UPS were up about 2% before the opening bell. UPS and rival FedEx Corp are delivering record number of e-commerce packages amid labor shortages since Covid-19 shifted shopping online. [/QUOTE]
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UPS delivers profit, revenue beat on e-commerce demand
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