UPS 1st quarter earnings rise 24percent on strong revenue growth
UPS has reported an 11.3percent increase in revenue and a 24percent gain in net income for the first quarter, reflecting strong results in all three business segments. Scott Davis, UPS’s chief financial officer, pointed to three highlights for the quarter including an increase in average U.S. ground and air volume of nearly 600,000 packages a day, or 5percent; a doubling of international profit to USD269 million, and double-digit revenue growth in the UPS Supply Chain Solutions unit.
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