Amtrak names former Delta executive as next CEO
WASHINGTON, June 26 Amtrak on Monday named a former Delta Air Lines chief executive as its next president and CEO as the U.S. passenger rail carrier makes major repairs at its busiest U.S. hub.
April 26 United Parcel Service's higher quarterly profit missed forecasts, as lower-margin e-commerce drove domestic volume and volume remained weak out of Asia, sending shares down 3 percent in pre-market trading Thursday.
The world's largest package delivery company on Thursday reported that net earnings rose 6 percent to $970 million, or $1.00 per share in the first quarter, from $915 million, or 91 cents a share, a year earlier.
Analysts had expected profit of $1.02 per share, on average, according to Thomson Reuters I/B/E/S.
"Increases in revenue per piece caused by higher base rates and fuel surcharges were mostly offset by changing product and customer mix as lower-margin e-commerce continued to drive volume growth" in the domestic business, UPS said.
In the international segment, UPS said weakness out of Asia and increased intra-regional volumes hurt revenue per piece.
Total revenue rose 4.4 percent to $13.14 billion, just shy of the $13.26 billion average forecast according to Thomson Reuters I/B/E/S.
UPS maintained its full-year guidance of $4.75 to $5.00 earnings per share.
Domestic revenue rose 6.2 percent and international revenue increased 2.3 percent.
The company's stock dropped 3 percent in pre-market trading to $77.29 a share.
SAO PAULO, June 26 The Brazilian unit of U.S. food processor Cargill agreed to sell a fruit processing plant located in the Sao Paulo state to German food ingredients maker Doehler, a source with knowledge of the deal told Reuters on Monday. (Reporting by Roberto Samora; Writing by Marcelo Teixeira)