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July 31, 2020

UPS shipments soared 65% in 2nd quarter

  • But deliveries to homes are less lucrative — revenue per piece fell 5% — and they are more costly because drivers must cover more distance.
    AP Business Writer

    The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc.

    UPS said Thursday that shipments from businesses to U.S. consumers soared 65% in the second quarter, helping lift the delivery giant to a $1.77 billion profit.

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