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UPS Drives Higher Profit In 3Q16

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Total reported revenue was $14.9 billion, up 4.9% over the same quarter last year.  Changes in fuel surcharges and currency exchange rates negatively affected revenue growth.  On a currency-neutral basis, revenue increased 5.1%.  In addition, lower fuel surcharge rates reduced revenue growth by approximately 50 basis points. "We are providing value to UPS customers worldwide and our solutions enabled strong growth this quarter," said David Abney, UPS chairman and CEO.  "The investments we are making in technology and capacity will ensure UPS... Lees Meer »

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