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Business

UPS sees fall in Q2 profit

Published: 14 Jul 2013 - 01:36 am | Last Updated: 31 Jan 2022 - 11:57 am

United Parcel Service (UPS) aircraft are loaded with containers full of packages at the UPS Worldport All Points International Hub in Louisville, Kentucky. UPS, the world’s No. 1 package delivery company, estimated second-quarter profit below analysts’ expectations, hurt by overcapacity in the global air freight market and a slowing US industrial economy.