UPS - UNITED PARCEL SERVICE - DRIVER - PACKAGES - AP FILE 2.jpeg
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FILE- In this Dec. 19, 2018, file photo a UPS driver prepares to deliver packages. United Parcel Service Inc. reports earns on Thursday, April 25, 2019. (AP Photo/Patrick Semansky, File)
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Because of safety concerns with COVID-19, more holiday shoppers are foregoing the busy malls and buying online this year.
In the U.S., revenue rose 17.4%, driven by growth from small and medium-sized businesses.
Higher rates helped the delivery giant boost revenue, but shipping volume fell nearly 1% worldwide and almost 3% in the United States.