Latest United Parcel Service Inc News

FILE - In this Dec. 19, 2018, file photo packages await delivery inside of a UPS truck in Baltimore. United Parcel Service Inc. reported a 13% drop in first-quarter profit, to $965 million, as stay-at-home orders generated deliveries to people’s homes but not enough to offset the higher costs and a drop in business deliveries. UPS said Tuesday, April 28, 2020 that the coronavirus outbreak has created “significant headwinds.” (AP Photo/Patrick Semansky, FIle)

Record surge in daily shipping volumes for UPS in 2Q

Jul. 30, 2020 12:34 PM EDT

The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc. UPS said Thursday that shipments from businesses to U.S. consumers soared 65% in the second quarter, helping lift the delivery giant to a $1.77 billion profit....