SEEKING ALPHA reports:
UPS (NYSE:UPS) says revenue increased 9.3% in Q1 and average daily volume was up 8.5%, with growth across all products.
The company says commercial deliveries declined during the quarter, while residential deliveries were elevated. Revenue per piece decreased less than 1% due to changes in customer and product mix.
The quarter saw automated hubs and other transformation investments generate efficiency gains, however those benefits did not offset the significant headwinds …

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Source: The Loadstar