UPS more than doubles third-quarter profit

DALLAS — A pickup in deliveries helped UPS more than double its profit from a year ago, when Big Brown took a hit from pension-restructuring costs.

United Parcel Service Co. said that net income in the third quarter rose to $1.10 billion, or $1.16 per share, up from $469 million, or 48 cents per share, that UPS earned a year ago. The 2012 figure would have been $1.06 per share without a $559 million pension-restructuring charge. Revenue rose 3.4 percent to $13.52 billion.

UPS delivered more than 1 billion packages in the quarter, an increase of 4.6 percent.

Read tomorrow's Arkansas Democrat-Gazette for more details.

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