EXPRESS services giant UPS recorded consolidated revenue of US$21.7 billion in the first three months of this year, a 5.3 per cent fall on its performance in the first quarter of 2023. Consolidated operating profit was down further, by 36.5 per cent year on year to $1.6 billion (and down 31.5 per cent on an adjusted basis). The company’s Supply Chain Solutions division experienced a 5.3 per cent decline in revenue, attributed primarily to ‘market rate declines in forwarding’. Operating profit...