United Parcel Service (UPS) reported first-quarter net income of $911 million, down 12.2% from a net profit of $1.04 billion in the prior-year quarter, as earnings were hit hard by severe winter weather in the US. In the US domestic market, which accounts for the majority of UPS’s business, “the company experienced lost revenue and additional cost as a result of significant network disruptions on more than half of the operating days during the quarter,” UPS stated. ...

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