Slowing package delivery numbers highlights middling demand ...Middle East

UPS reported earnings earlier today and there are some read-throughs on the strength of the economy.The company reported a 3.2% decline in average daily volumes in its domestic segment and a 5.8% drop in its international segment in the quarter. However the company said volumes “showed improvement through the quarter”.The world's largest parcel delivery firm is a barometer of economic activity. Overall revenues at $21.7 billion were below $21.9 billion expected and $22.9 billion a year ago.The company remained optimistic on the second half of the year.Shares are down 0.9% in the premarket. This article was written by Adam Button at www.forexlive.com.

Hence then, the article about slowing package delivery numbers highlights middling demand was published today ( Tuesday 23/04/2024 - 04:08 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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