UPS reported a 20.9% drop in second-quarter net income to $873 million from $1.13 billion last year. Revenue rose 6.7% to $13 billion but expenses lifted 10.8% to $11.55 billion, producing an operating profit of $1.45 billion, down 17.6% from $1.77 billion in the same period last year. Total international package revenue, which is tied heavily to air operations, rose 17.9% to $2.95 billion, but international package operating margin fell 5.2 points year-over-year to 13.8%. "International ...

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