UPS Profits Are Down, 2009 Rates to Climb

While overall revenue for the delivery giant was up 7.4% for its third quarter, total operating profit was down 7.0%. In reflecting on the results, the company’s chairman and CEO, Scott Davis, said, "UPS managed the business well in this very tough economic climate. We continue to see growth in our international and supply chain businesses while maintaining our focus on cost control and revenue management throughout our organization.”

In terms of profit, Davis was referring to a decline in US Domestic Package down 9.0% and International Package down 9.8% year over year. However, the company’s Supply Chain and Freight segment profit was up 31.6%.

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