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

© Alexey Novikov

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 products and services for small- and medium-sized businesses, all designed ...