UPS profit tops estimate as online demand rises


I started this.
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UPS profit tops estimate as online demand rises - Reuters

Revenue at the company’s U.S. package services rose 6.3 percent versus a year ago, fueled by e-commerce demand and increased revenue per piece.

The rapid rise in online shopping has been a boon for so-called “last-mile” shipping, but UPS has struggled to bring down the extra costs of delivering small numbers of packages to individual households.

Chief Executive David Abney has promised to deliver higher margins by pumping billions of dollars into network upgrades and expansions to handle the growth from e-commerce, and he is under pressure from some analysts and investors who want faster returns on those investments.

Ancient Alien

UPS Vacation
UPS $117.42 up +$5.00

It's pretty much settled now. Nothing we can say or do to change that. It's in the books. :)

2023-2028 contract will be interesting.