Cross-border operations continued to gain ground during UPS’s first quarter as revenue and operating profits grew.
However, a 10% upturn in overall revenue – more than $17bn for the three-month period – failed to prevent a 6% drop in group operating profits, to $1.5bn.
The success in international operations continues a trend seen last year, with the latest results showing cross-border revenue of $2.5bn and profits of $594m (up 14.6%).
“Our focused business strategies are producing strong results in …
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Source: The Loadstar