UPS Q1 Profit Rises on Volume Increase
United Parcel Service, Atlanta, reported yesterday a 16 percent improvement in income and a 13.8 percent jump in operating profit for the first quarter of 2005, along with an increase in worldwide package volume.First-quarter net income climbed to $882 million from $759 million in the same period in 2004. Operating profit increased to $1.39 billion from $1.22 billion.
Consolidated worldwide package volume in the quarter rose to 885 million, up 3 million from the same period in 2004. Average daily package volume increased by 38,000 to 13.82 million.
