United Parcel Service Inc (UPS)

[56Chevy]

UPS earnings fall as company warns of economic headwinds ahead

By Chris Isidore, CNN

Updated 8:12 AM EDT, Thu October 26, 2023
—
UPS reported sharply lower earnings in the third quarter and said it expects lower revenue and thinner profit margins ahead. But it cited a slowing global economy, not its recent labor issues, for its gloomy forecast.

[....]

UPS is something of an economic bellwether, as its trucks move an estimated 6% of US gross domestic product and 3% of global GDP, the broadest measure of economic activity.

Source:
https://www.cnn.com/2023/10/26/business/ups-earnings-fall-sees-economic-headwinds-ahead/index.html

Marker:
$154.13 2.52 (1.7%)
Volume: 1,988,406

*This report is a month old but still relevant as the trucking giants' demand for services entering their peak season have not changed.