U.K., Oct. 29 -- United Parcel Service, more commonly known as 'UPS' just revealed its third-quarter earnings and, to be honest, when you consider the current global climate and the effect that COVID-19 has had on the economy, it's unexpectedly great. When I say "great", I mean to say that it shows that the global freight transportation industry - the behemoth logistic element of the supply chain - is already bouncing back from a damning year.
The Nitty-Gritty
UPS's Q3 figures:
Quarterly revenue, at US$21.2bn, increased 15.9 percent annually.
Adjusted earnings per share, at US$2.28 were up 10.1 percent compared to a year ago, which far outpaced professional expectations of US$1.67.
Net income, at US$2.0bn, was up 11.8 percent annually....