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The Latest UPS Headlines
UPS Tumbles as It Grapples With Stronger Dollar, Business Shift
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<blockquote data-quote="cheryl" data-source="post: 2621343" data-attributes="member: 1"><p><a href="https://www.bloomberg.com/news/articles/2017-01-31/ups-falls-short-of-profit-estimates-as-cost-increases-quicken" target="_blank"><strong>UPS Tumbles as It Grapples With Stronger Dollar, Business Shift - Bloomberg</strong></a></p><ul> <li data-xf-list-type="ul">Courier sees $400 million hit from foreign-exchange effects</li> </ul> <ul> <li data-xf-list-type="ul">Fourth-quarter earnings fell short of analyst estimates</li> </ul><p>United Parcel Service Inc. plunged the most in two years as a stronger U.S. dollar and the shift toward more consumer deliveries forced the courier to miss analysts’ predictions for 2017 earnings and fourth-quarter profit.</p><p></p><p>The world’s biggest package-delivery company is delivering a greater percentage of packages to homes, benefiting from e-commerce growth that has exceeded gains in the U.S. economy and sluggish industrial output. The flip side is that making smaller deliveries to homes is less efficient than bigger stops at businesses.</p></blockquote><p></p>
[QUOTE="cheryl, post: 2621343, member: 1"] [URL='https://www.bloomberg.com/news/articles/2017-01-31/ups-falls-short-of-profit-estimates-as-cost-increases-quicken'][B]UPS Tumbles as It Grapples With Stronger Dollar, Business Shift - Bloomberg[/B][/URL] [LIST] [*]Courier sees $400 million hit from foreign-exchange effects [/LIST] [LIST] [*]Fourth-quarter earnings fell short of analyst estimates [/LIST] United Parcel Service Inc. plunged the most in two years as a stronger U.S. dollar and the shift toward more consumer deliveries forced the courier to miss analysts’ predictions for 2017 earnings and fourth-quarter profit. The world’s biggest package-delivery company is delivering a greater percentage of packages to homes, benefiting from e-commerce growth that has exceeded gains in the U.S. economy and sluggish industrial output. The flip side is that making smaller deliveries to homes is less efficient than bigger stops at businesses. [/QUOTE]
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