UPS Announces First Quarter Earnings
Adjusted operating profit excludes Transformation-related charges of $28 million as we streamline and standardize our processes. Domestic operating profit includes a drag of about $80 million due to severe winter weather during all months of the quarter. “Supply Chain and Freight generated excellent operating profit this quarter, with strong contributions from Coyote and the rest of our Forwarding unit,” said Abney. Currency-neutral revenue, revenue per piece and operating profit are calculated