UPS posts lower second-quarter profit

July 23 Tue Jul 23, 2013 7:59am EDT

July 23 (Reuters) - United Parcel Service Inc on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.

For the second quarter, UPS, the world's No. 1 package delivery company, earned $1.07 billion, or $1.13 a share, compared with $1.12 billion, or $1.15 a share last year.

Total revenue increased 1.2 percent to $13.51 billion.

UPS shares closed at $87.61 Monday on the New York Stock Exchange.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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