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UNCOVERED: Ups returns to volume growth in u s after nine quarters | History Defined

A delivery vehicle passes by a UPS depot, June 29, 2023, in New York. (AP Photo/John Minchillo, File)

During the second quarter, UPS experienced a notable increase in volume in the U.S. for the first time since 2022. However, the company fell short of profit and revenue expectations set by Wall Street analysts, primarily due to a significant charge incurred during the period.

Following this news, UPS shares plummeted by over 7% before the market opened on Tuesday. CEO Carol Tome highlighted that the company achieved volume growth in the U.S. for the first time in nine quarters, marking a pivotal moment for UPS.

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