UPS warns on profit as customers cut costs

[riky]

UPS warns on profit as customers cut costs

<p><a href="http://news.yahoo.com/ups-expects-second-quarter-profit-below-estimates-124606485.html"><img src="http://l.yimg.com/bt/api/res/1.2/KLhr3vF.rrr.8iRmp1Mkmw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-12T124606Z_1_CBRE96B0ZGY00_RTROPTP_2_USA.JPG" width="130" height="86" alt="UPS aircrafts are being loaded with air containers at the UPS Worldport All Points International Hub in Louisville" align="left" title="UPS aircrafts are being loaded with air containers at the UPS Worldport All Points International Hub in Louisville" border="0" /></a>(Reuters) - United Parcel Service Inc , the world's No.1 package delivery company, estimated second-quarter profit below market expectations as international customers accelerate their shift from aircraft to slower but cheaper ships. UPS shares fell 5 percent after the company also cut its full-year earnings forecast to $4.65-$4.85 per share from $4.80-$5.06. Shares of rival FedEx Corp fell 2 percent. UPS and FedEx, the No.2 package shipper, are considered economic bellwethers because of the massive volume of goods they move around the world. ...</p><br clear="all"/>

Source: You are not allowed to view links. Register or Login