Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Maersk Air Cargo ditched some of its less-profitable customers, a move which saw its airfreight ...
© Alexey Novikov
By Alex Lennane
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 in forwarding. Adjusted operating profit grew 17% to $247m.
UPS spent ...
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