UPS profit rises ahead of peak holiday season


I started this.
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UPS profit rises ahead of peak holiday season - Reuters

United Parcel Service Inc reported better-than-expected quarterly profit and revenue on Tuesday, bolstered by strong e-commerce demand that has driven the delivery giant to raise shipping rates and cherry-pick more profitable customers.

The Atlanta-based company, which is heading into the peak holiday delivery season, raised its forecast for full-year adjusted operating margin to 13% from 12.7%.

UPS shares jumped 6.7% to $217.46 on the results, which also lifted rival FedEx 1.7%.

UPS again plans to hold customers to agreed-upon holiday volumes to avoid overloading its facilities and staff. Volume growth for its biggest customers, including No. 1 user, will decline as UPS works to deliver more packages for small businesses and commercial users.

eats packages

Deranged lunatic
Honestly one of the most predictable earnings beats I've ever seen.
We're literally experts on managing exorbitant labor costs and bulking up on extra workers.