UPS quarterly profit falls on high labor costs, weak small-package demand

Category: Business

United Parcel Service experienced a decline in second-quarter earnings due to lower package delivery demand and increased costs from its Teamsters labor contract, reporting an adjusted profit of $1.79 per share compared to $2.54 a year ago.

Keywords: UPS, earnings decline, Teamsters labor contract

Source: marketscreener.com

Update At: 7/23/2024

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