UPS Earnings Report Showed Progress in Shipping Giant's Turnaround Effort

Kevin Carter / Getty Images Shipping giant UPS reported better-than-expected third-quarter results Key Takeaways UPS reported quarterly results that topped Wall Street expectations on the top and bottom lines. The shipping giant's cost-cutting measures—the company said it has cut nearly 50,000 jobs this year—helped boost profits. United Parcel Service's turnaround plan seems to be working. UPS (UPS) shares were up 7% recently, trading at their highest levels in three months, after the shipping gian ...