UPS network revamp bolsters profit in holiday quarter, shares jump - Reuters United Parcel Service Inc’s multi-billion-dollar effort to revamp its network helped it deliver better-than-expected profit in the crucial holiday fourth quarter, driving down costs as e-commerce deliveries surged to record levels. Investors cheered the news, sending shares up 6.6 percent to $107.88 in morning trading. Increased investment in modernizing its network helped the world’s biggest package delivery firm better manage a surge of Christmas packages as more consumers shifted to online shopping, executives said. UPS spent $6.6 billion in 2018 as part of a three-year plan to automate package-sorting hubs, make routes more efficient and invest in airplanes and other equipment. Analysts said lower operating costs helped the company exceed profit expectations as well.