UPS Profits Rise on E-Commerce Growth
United Parcel Service Inc. on Friday reported a 3.2% increase in profit fueled in part by e-commerce growth, but the delivery giant cautioned that a weaker industrial environment will continue to be a drag. Revenue increased 3.8% to $14.63 billion for the second quarter, while profit rose to $1.27 billion. UPS forecast its e-commerce business will grow faster than expected
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