A customer walks into a UPS store on July 05, 2023 in Austin, Texas.
Brandon Bell | Getty Images News | Getty Images
United Parcel Service on Tuesday lowered its 2023 revenue forecast, hurt by softening e-commerce demand and an improved labor contract it offered to workers.
UPS now expects 2023 consolidated revenue to be about $93 billion, compared with its earlier forecast of about $97 billion.
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Source: www.cnbc.com