Air Transport World

UPS.(CARGO)

UPS reported a 2007 net profit of $447 million, down 89.4% from $4.2 billion in 2006 owing mainly to a $6.1 billion pension payment related to a new labor contract. Annual revenue rose 4.5% to $49.69 billion driven by a 13.1% lift in international package revenue, which relies heavily on UPS Airlines, to $10. …

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