UPS Flashes Warning Sign for the Direction of the US Economy

UPS Flashes Warning Sign for the Direction of the US Economy
A United Parcel Service (UPS) truck leaves the yard in Chicago, Illinois, on Oct. 29, 2010. Frank Polich/Getty Images
Jack Phillips
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Global shipping company UPS said Tuesday that the U.S. economy is slowing down as its revenue fell 6 percent in the first quarter compared to a year earlier.

The company’s operating profit, it said, also fell about 22 percent. Its earnings also fell short of Wall Street forecasts for the quarter, according to Reuters.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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