Earnings in brief: UPS revenue is down due to changing consumer behaviors
Mary Meisenzahl
United Parcel Service Inc. (UPS) reported profits and revenue were down for the fiscal first quarter ended March 31, 2023. The shipping company’s $22.9 billion revenue was down 6% from the first quarter of 2022. Consolidated operating profit was down 21.8% over the same period to $2.5 billion. Retail demand is slowing UPS CEO Carol […]