April 25 United Parcel Service Inc, the
world's largest package-delivery company, reported a 7 percent
rise in quarterly profit, helped by a stronger-than-expected
post-holiday season in January.
Net income rose to $1.04 billion, or $1.08 per share, in the
first quarter, from $970 million, or $1 per share, a year
Excluding items, UPS earned $1.04 per share. Revenue rose
2.2 percent to $13.43 billion.
UPS dropped its $7 billion bid for Dutch delivery firm TNT
Express in January after European regulators said they
would veto the deal on antitrust concerns.