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MARKET MOVERS

UPS’s international business slows

The largest package delivery company says efficiencies in its supply chain let it post a 5 percent quarterly profit gain. But the company expects the US economy to grow only at a very slow pace. The largest package delivery company says efficiencies in its supply chain let it post a 5 percent quarterly profit gain. But the company expects the US economy to grow only at a very slow pace. (Matt York/Associated Press)
October 26, 2011

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United Parcel Service Inc., whose deliveries make it a proxy for the economy, fell in New York trading after declining shipments from Asia to the US curbed growth in the company’s international business. UPS cut its airlift capacity for Asia as shipments to the U.S. decreased, the Atlanta-based company said on a conference call after announcing third-quarter earnings. International deliveries overall increased 4.6 percent, trailing the 6.2 percent gain in the previous three months. UPS fell 2.1 percent to $69.35 at 4:15 p.m., the biggest decline this month.

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