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UPS profit rises 13.5%, powered by investments in its delivery system

United Parcel Service reported a 13.5% rise in profit on Wednesday, benefiting from investments in its delivery system. Read more...

Employees sort packages at the United Parcel Service (UPS) Chicago Area Consolidation Hub in Hodgkins, Illinois.

Daniel Acker | Bloomberg | Getty Images

United Parcel Service reported a 13.5% rise in profit on Wednesday, benefiting from investments in its delivery system.

Net income for the second quarter ended June 30 was $1.69 billion, or $1.94 per share, compared with $1.49 billion, or $1.71 per share, a year earlier.

Revenue rose 3.4% to $18.05 billion.

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