1058 ET - United Parcel Service saw just how much tariffs hurt trade. The package giant's China-U.S. trade lane, its most profitable trade lane, saw volume decline, pressuring its international operating margin. CEO Carol Tomé says on a call with analysts, "For example, looking at our China to US trade lane [the] increased tariff [and] the elimination of de minimis exception resulted in a year-over-year drop in average daily volume of 34.8% for the month of May and June," as per the FactSet transcript. But where trade tapers off, others routes thrive. "In the second quarter, we saw volume in our China to the rest of the world trade lanes increase by 22.4%, and we nearly doubled our capacity between India and Europe to meet the growing export demand on that trade lane," Tomé says. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
July 29, 2025 10:58 ET (14:58 GMT)
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