General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUPS Profit Falls; Consumers Penny-Pinch With Cheap Routes
United Parcel Service on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.
After the earnings announcement, the company's shares fell in pre-market trading. (Click here to get the latest quotes for UPS.)
The company posted second-quarter earnings excluding items of $1.13 per share, up/down from $1.15 a share in the year-earlier period. Revenue increased/decreased to $13.51 billion from $13.35 billion a year ago.
Calling the results disappointing, UPS said it was adapting to the changing market. Chief financial officer Kurt Kuehn said the results were below expectations, because of disappointing performances in the freight-forwarding and international package-delivery businesses.
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wilt the stilt
(4,528 posts)I have done a number of transactions. It has dawned on almost everyone who does shipping that USPS is faster and cheaper.
Glitterati
(3,182 posts)When you give a package to the post office, it arrives. You can't say that with UPS because it's a crap shoot. If the package looks valuable, it disappears enroute to the destination.
