package delivery company

United Parcel Service Inc., the world's largest package-delivery company, forecast a 2012 profit that exceeded analysts' estimates as shipping demand increases.

(ATLANTA) — UPS said Friday it will cut 1,800 management and administrative positions to streamline its U.S. small package segment.

The world's largest package delivery company also raised its profit forecast for the fourth-quarter that ended in December, citing improving operations and cost cuts.

Atlanta (PRESS RELEASE – November 6, 2009) – In a major expansion for customers who use Apple® products, UPS today announced a new application for iPhone® and iPod® touch users that not only ships and tracks packages but also uses built-in GPS features to find the nearest UPS location.

Available at the App Store,sm the new UPS Mobile App for the iPhone enables users to track shipments, create shipments using the My UPS address book, calculate shipping rates and time-in-transit and then find the nearest UPS location.

The package delivery company warned that its profit would remain weak through the end of the year. It also said it would raise shipping rates in 2010.

FedEx , the world's second-largest package delivery company, raised its first-quarter earnings forecast on Friday, citing stronger-than-expected international shipments and cost-cutting.

Its shares were up more than 6 percent in midday trading.

The package delivery company, whose results are seen as an indicator of the overall health of the economy, cited stronger-than-expected international shipments and cost cutting.

FedEx Corp., the world's second largest package delivery company, raised its first-quarter earnings forecast, citing better-than-expected international shipments and cost-cutting.

FedEx Corp., the world's second largest package delivery company, raised its first-quarter earnings forecast on Friday, citing better-than-expected international shipments and cost-cutting.