The Atlanta Journal-Constitution has reported that "UPS, the world's largest package carrier, beat Wall Street earnings estimates by three cents in the third quarter, with profits of $549 million, or 55 cents per share. However, the results represented a 43.4 percent drop in profits from the same period a year ago. Revenues dropped about 15 percent to $11.2 billion. The company said Wednesday its customers have "widely different views" on how the peak season -- the holidays – will play out, casting more uncertainty on the recession's outcome. UPS's total package volumes were down, reflecting "weakness in the U.S. economy." Read more!

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