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The Latest UPS Headlines
UPS Revenue May Fall a Second Time on Shipping Slump
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<blockquote data-quote="cheryl" data-source="post: 519494" data-attributes="member: 1"><p><strong>UPS Revenue May Fall a Second Time on Shipping Slump - Bloomberg</strong></p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 519494, member: 1"] [B]UPS Revenue May Fall a Second Time on Shipping Slump - Bloomberg[/B] 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. [/QUOTE]
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