UPS Sticks to Revenue Forecast Despite Fuel Costs

0:00It's April 28th. This is Canada News today, powered by AI. United Parcel Service stuck to its full-year revenue forecast of $89.7 billion for 2026, even with fuel costs spiking from. The Middle East War, their iron growth starting in the June quarter, but shares dipped 3.6% amid the uncertainty. CEO Carol Toam called it early days, warning that high gas prices could crimp demand later this year. The company slaps fuel surcharges on trucks, planes, and vans to shield profits. But CFO Brian Dyke's stress costs are climbing too. No easy wins. There. Volumes have dropped from US trade shifts, like tariffs on Chinese goods, and the end of duty-free perks for cheap e-commerce from spots like Sheen and Temu. UPS also cut back on low-margin Amazon deliveries to focus on better paying work. This quarter adjusted earnings hit $1.7 per share, topping estimates, though revenue

1:00slipped 1.6% to $21.2 billion. Domestic revenue per piece climbs 6.5%, but margins landed at 4% short of hopes. They're pushing automation, job cuts, and premium shivments to boost profits from quarter to onward, while locking in at 9.6%. Operating margin goal for 2020. Paying the course to the turbulence.