UPS Thwarted by Winter Weather
By Paul Ziobro
Updated April 25, 2019 10:24 a.m. ET
United Parcel Service Inc. posted a lower profit in the first quarter as upgrades to its parcel delivery network proved no match for Mother Nature.
The delivery giant said it incurred about $80 million in extra costs associated with dealing with severe winter weather in the U.S., causing operating profit to fall 12% in its main business unit.
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