United Parcel Service (UPS) posted third-quarter consolidated net income of $1.04 billion, up 5% from $991 million year-over-year. UPS chairman and CEO Scott Davis attributed the results to a “deceleration in exports from Asia and a challenging global economic environment.” Operating revenue rose 8% to $13.2 billion from $12.2 billion while operating expenses increased 9.2% to $11.55 billion, producing an operating profit of $1.62 billion, up 0.2% from the year-ago ...

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