UPS income goes up despite fewer packages
UPS said first-quarter net income rose as the company controlled costs while businesses hit by the recession shipped fewer packages. Net income climbed to $563 million from $556 million in the year-earlier quarter, the company said. Sales increased 1.9% to $7.58 billion from $7.44 billion. UPS's worldwide shipments fell 1.3%, which the company attributed to the manufacturing slump caused by the recession.