Wednesday, April 25, 2007

UPS profit falls on charges for aircraft, layoffs

(Reuters) - CHICAGO, April 25 - Package delivery company United Parcel Service Inc. on Wednesday reported a lower quarterly profit due to a charge related to aging aircraft and voluntary layoff expenses.

UPS also reiterated its full-year outlook, saying U.S. economic growth has been softer than anticipated but growth outside the country has been "rapid."


Read more at Reuters.com Market News

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