Conf call redux: Guidance-free UPS – uncertainty piled on uncertainty
Certainty looms by Q3 end
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The express and freight giant United Parcel Services saw revenues up year-on-year and expects full-year shipments to increase by a double-digit figure as e-commerce volumes continue to grow sharply. Like fierce rival FedEx, it has introduced volumetric pricing across its modes as a way of tackling the weaker pricing of e-commerce shipments, with online retailers offering cheaper shipping rates for products that come in larger, lighter and lower-density packaging.
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