UPS sees growth in volumes and revenue in Q1

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UPS has announced a 6.2% increase in revenues in the first quarter, to $15bn, leading to an operating profit of $1.784bn, down 2% year-on-year. Its supply chain and freight division saw a 22% rise in operating profit, on 14% revenue growth and it also credited its overall income increase with “strong underlying performance in the International segment and solid results in the domestic segment”.

The company saw tonnage increases in its freight forwarding and freight division, with good results in healthcare, ...