UPS Grows 3Q Revenue a Strong 7%, Investing Heavily in Capacity
UPS grew third-quarter revenue a strong 7% via greater sales in all segments, and expanded currency-adjusted operating earnings by 3.1%, though the latter was flat year over year on a GAAP basis. International package was the standout, given its 19% improvement in daily export volume and 19.6% improvement in currency-neutral EBIT. Intra-Europe exports have been particularly robust, even before this period’s benefit from FedEx’s struggle with a crippling cyber attack. Continuing to invest in the ...United Parcel Service provides transportation services, primarily domestic and international letter and package delivery. The company reports its operations in three segments: United States Domestic Package, which includes the time-definite delivery of letters, documents and packages throughout the United States; International Package, which includes delivery to several countries and territories worldwide, including shipments wholly outside the United States, as well as shipments with either origin or destination outside the United States; and Supply Chain & Freight, which includes the company's Forwarding, Logistics, Coyote, Marken, UPS Mail Innovations, UPS Freight and other aggregated business units.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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