UPS expects earnings below expectations

UPS said recently, company in 2013 income will be lower than expected. It is reported, UPS will announce its second quarter earnings in July 23rd. The relevant responsible person said, the quarterly earnings of about $1.13, below the previous estimate of $1.20.
UPS says, in this quarter's weakness, mainly because of the global air cargo market overcapacity. At the same time, a large number of consumers to give up and efficient delivery of services, extension services to low profit, economic type. The United States of America decline in industrial output is one of the important reasons of UPS profit is lower than expected.
MYEX min Asia International Express
2013-07-20