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UPS Warns of Global ‘Head Winds’ Despite Growth in E-Commerce

  • Courier cites technological gains as it maintains forecast
  • Second-quarter earnings, revenue meet analysts’ estimates
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UPS Rides Wave of Online Shopping, What's Next?

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United Parcel Service Inc. said potential risks from a weak global economy are presenting “head winds” even as it profits from a surge in online commerce and trends in automation.

The outlook for global economic growth has been downgraded though U.S. consumer spending remains healthy, Chief Executive Officer David Abney said in a call with analysts after the Atlanta-based company reported second-quarter earnings.