UPS 1Q earnings slowed by winter weather

Credit: Rob Finlayson
United Parcel Service (UPS) reported first-quarter net income of $911 million, down 12.2% from a net profit of $1.04 billion in the prior-year quarter, as earnings were hit hard by severe winter weather in the US. In the US domestic market, which accounts for the majority of UPS’s business, “the...

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