UPS Revenue May Fall a Second Time on Shipping Slump

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UPS Revenue May Fall a Second Time on Shipping Slump - Bloomberg

United Parcel Service Inc., the world’s largest package-delivery company, may say first-quarter revenue fell for just the second time in 10 years as businesses curbed shipping to thin out inventories.

While UPS hasn’t given a full-year outlook, economists surveyed by Bloomberg estimate that U.S. GDP will shrink by 2.5 percent for all of 2009, less than a projected 5 percent decline in the first quarter. Langenfeld said shipping volumes “appear to be bottoming” and probably won’t worsen this year.
 
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