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UPS Reports Strong Q2 Earnings as Deliveries Surge

UPS Inc. reported strong results in the second quarter, as a surge in deliveries to homes and businesses helped lift the company through a three-month period that has found many people staying home and ordering goods online.

The Atlanta-based carrier on July 30 said Q2 net income increased 4.9% to $1.78 billion, or $2.04 a share, compared with $1.68 billion ($1.95) a year ago. Quarterly revenue surged by 13.4% to $20.4 billion compared with $18 billion last year.