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The Latest UPS Headlines
UPS profit rises ahead of peak holiday season
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<blockquote data-quote="cheryl" data-source="post: 5044264" data-attributes="member: 1"><p><strong>UPS profit rises ahead of peak holiday season - Reuters</strong></p><p></p><p>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.</p><p></p><p>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%.</p><p></p><p>UPS shares jumped 6.7% to $217.46 on the results, which also lifted rival FedEx 1.7%.</p><p></p><p>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 Amazon.com, will decline as UPS works to deliver more packages for small businesses and commercial users.</p></blockquote><p></p>
[QUOTE="cheryl, post: 5044264, member: 1"] [B]UPS profit rises ahead of peak holiday season - Reuters[/B] 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 Amazon.com, will decline as UPS works to deliver more packages for small businesses and commercial users. [/QUOTE]
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