Edward Jones

UPS 3Q profit up 1 percent as US revenue increases

UPS said Thursday that its third-quarter profit inched higher on growing revenue in the U.S. and a more profitable international delivery business.

The package-delivery giant is heading into biggest test of the year, the holiday season. UPS expects to deliver more than 700 million packages between Thanksgiving and New Year's Eve, about 100 million more than last year.

The third-quarter profit was roughly in line with Wall Street expectations but revenue beat the forecasts.

CEO David Abney said that even with only moderate economic growth UPS has "good positive momentum ... and we expect to have a real good fourth quarter." The effect of the economy on UPS...