Profit-focused FedEx Freight abruptly dumps 'less-lucrative' LTL clients
Executives and logistics planners at some 1,400 US firms had their weekend wrecked, courtesy of ...
UPS’s first-quarter results have rather been overshadowed by today’s DSV’s news, but the parcel expert enjoyed “record financial results” and winning “the best opportunities”.
The headline numbers are consolidated revenues of $22.9bn, up 27% year on year, with daily volumes up 14%, while consolidated operating profit came in at a healthy $2.8bn, up 158%. You can read the full figures here.
Carol Tomé, UPS CEO, said: “During the quarter, we continued to execute our strategy under the better-not-bigger framework, which enabled us to win the best opportunities in the market and drove record financial results.”