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UPS announces 55% fall in profits

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04-24-2009, 04:07 AM

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UPS announces 55% fall in profits

The world’s biggest package delivery company, United Parcel Service (UPS), has announced a severe fall in profits for the first quarter as fewer parcels are being sent during the global economic downturn.The group reported a 55% drop in profits for the period, compared with the same period in 2008, while revenue declined by 14% to [...]

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