Coyote out, USPS in, and yet another dispiriting UPS SCS update
Optimism justified?
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
UPS has enjoyed a “significant” rise in profits as it managed a good performance in the peak season – in contrast to previous years. Revenue in the quarter rose 1% to $16.1bn from $15.9bn a year earlier, while on a currency neutral basis it rose 2.4%. It made 1.8% more package deliveries in the fourth quarter, over 2015. Its supply chain and freight division profit saw a rise of 11% to $199m. Europe led the way in helping the company achieve an operating profit of $2.2bn in 2015.
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