UNITED Parcel Service (UPS) recently announced a net profit increased of 3.7 per cent in the third quarter of this year.
Driven by the strong overseas demand and the good performance in the supply chain and cargo transportation department, the net profit of UPS in the third quarter grew to US$1.08 billion from last year's $1.04 billion, UPS said in a company statement.
While total revenue of the company increased 4.7 per cent to $12.21 billion in the third quarter, up from last year's $11.66 billion, the report said.
Although the economic growth of the United States slowed down, UPS's small package delivery business improved with revenue rising to $7.55 billion and international package delivery revenue climbing to $2.53 billion, the report said.
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Source: schednet
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