ATLANTA, April 22, 2003 – UPS today reported solid first quarter results driven by its international and non-package businesses, with both segments generating strong revenue growth and record-setting profits.
The U.S. package segment experienced volume declines during the first two months of the quarter, exacerbated by severe winter weather and a difficult economy. In March, however, and continuing into April, volume trends improved and the company now is experiencing growth in its U.S. package business.
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