Strong second quarter, as UPS reports profit growth in all divisions

UPS has reported second-quarter growth across all divisions.
However, heightening global trade tension raises questions over whether the momentum can be maintained.
Consolidated profit soared 21% on 2018, to $3.5bn, on revenues of $18bn, up 3.4% year on year.
Chief executive David Abney said: “Our transformation initiatives are generating greater efficiencies and, when combined with our growth strategies, UPS achieved profit growth in all segments.
“We also announced a very extensive roll-out of new …

The post Strong second quarter, as UPS reports profit growth in all divisions appeared first on The Loadstar.

Source: The Loadstar

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