United Parcel Service (UPS) reported second-quarter net income of $1.23 billion, well more than doubling a net profit of $454 million in the 2014 June quarter, even as revenue dropped 1.2% year-over-year to $14.1 billion. Second-quarter expenses decreased 10.3% year-over-year to $12.14 billion and operating profit was $1.96 billion, more than double operating income of $747 million in the prior-year period. US domestic package operating income was up 3% to $1.2 billion while international ...

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