UPS Tumbles as It Grapples With Stronger Dollar, Business Shift - Bloomberg
The world’s biggest package-delivery company is delivering a greater percentage of packages to homes, benefiting from e-commerce growth that has exceeded gains in the U.S. economy and sluggish industrial output. The flip side is that making smaller deliveries to homes is less efficient than bigger stops at businesses.
- Courier sees $400 million hit from foreign-exchange effects
- Fourth-quarter earnings fell short of analyst estimates
The world’s biggest package-delivery company is delivering a greater percentage of packages to homes, benefiting from e-commerce growth that has exceeded gains in the U.S. economy and sluggish industrial output. The flip side is that making smaller deliveries to homes is less efficient than bigger stops at businesses.