UPS saw consolidated revenue rise 9.6% to $17.5bn in the second quarter, but said operating profit was “not where we want it to be”.
The best performing divisions were international, supply chain and freight, which all saw double-digit growth in both revenue and operating profit.
International revenues grew 14% to $3.6bn, while adjusted operating profit rose 15% to $654m.
Supply chain and freight revenue was up 16% to $3.5bn, with 23% revenue growth …
The post UPS Q2 revenues soar after price rises, but profit is ‘not where we want it to be’ appeared first on The Loadstar.
Source: The Loadstar