UPS announces lower 3Q earnings, revenue

Discussion in 'UPS/UPSF' started by rookietrucker, Oct 22, 2009.

Oct 22, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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UPS announces lower 3Q earnings, revenue

United Parcel Service Inc today, Oct. 22, reported financial results for the third quarter. Profit fell 43 percent to $549 million from $970 million during the same period last year. Revenue declined 14.9 percent to $11.15 billion.

Im encouraged by the signs of economic recovery that are becoming apparent, although we still have a long way to go, said Scott Davis, chairman and chief executive officer of the Atlanta-based company. Ongoing strategic investment has positioned UPS to capitalize on growth opportunities around the world. We are managing operations well, while controlling costs and maintaining excellent service.

The company said UPS Freight's performance was impacted negatively by increasingly competitive conditions in the freight environment, but that the business outperformed the market and gained share while maintaining yields.

more here>> UPS announces lower 3Q earnings, revenue

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rookietrucker, Oct 22, 2009

rookietrucker, Oct 22, 2009

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