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UPS profit falls as global customers use cheaper shipping - Yahoo
United Parcel Service Inc (UPS) on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.
Earlier in the month, UPS said it expected to report a quarterly profit below analysts' expectations due to a weak U.S. industrial economy, customers switching to less expensive shipping options and overcapacity in the global air freight market.
United Parcel Service Inc (UPS) on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.
Earlier in the month, UPS said it expected to report a quarterly profit below analysts' expectations due to a weak U.S. industrial economy, customers switching to less expensive shipping options and overcapacity in the global air freight market.