UPS executives announced the company made $1.2 billion in profit after taxes for the first three months of 2019.
The haul was actually slightly less than the $1.35 billion predicted by Wall Street. UPS said winter storms cost the company $80 million.
UPS Freight profits increased by almost 18 percent from last year to $200 million for the quarter.
UPS predicts that profits for the year will exceed $6.5 billion—and Wall Street analysts agree.
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
Sysco Corp announced its quarterly financial report on May 10, with profits and revenue both up dramatically since last year. Profits for the quarter were $303.33 million, up from $88.9 million last year. Revenue rose 43% from $11.8 billion to $16.9 billion.
