UPS Drops After Announcing Multibillion-Dollar Plane Purchase

Updated on
  • U.S. courier buys Boeing jumbo freighters for use abroad
  • Earnings meet analysts’ estimates as domestic profit slips

UPS CFO on Boeing 747 Order: It Was Time

United Parcel Service Inc.’s shares dropped after the package giant agreed to purchase freighter jets valued at $5.3 billion to continue its international expansion.

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