ATLANTA (AP) - A surge in the volume of letters and packages it delivers by air for next-day service and improvements in its domestic business helped United Parcel Service post a nearly 28 percent jump in third-quarter profit, beating Wall Street expectations.
The news Tuesday from the world's largest shipping carrier was especially positive because the July-September period is usually slow for the industry, and the economy has only recently started to show signs of a recovery, the company and analysts said.