UPS stock rises after mixed third quarter earnings

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The United Parcel Service released its third-quarter earnings report that showed a revenue of $24.2 billion, growing by 4.2% compared to last year.

Adviser Investments portfolio manager Adam Johnson and former Tether CEO Reeve Collins on where they see growth in the markets.Despite growing concerns over, the shipping giant reaffirmed it was on track to meet its 2022 financial goals. Moreover, UPS will be joining its competitor FedEx in raising shipping rates by 6.9% due to increased costs.

"I want to thank UPSers around the world for their unstoppable spirit and for continuing to deliver outstanding service to our customers," said Carol Tomé, UPS CEO, in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines