Profits take a beating

Gemini Sparkle

Key Takeaways:

Profits take a beating UPS profits falls 49%
   UPS reported Thursday second quarter profit of $445 million, 49 percent less than it earned in the same 2008 period.

Deutsche Post DHL reports 71% drop in profit
   Deutsche Post DHL said it had second quarter net income after subtracting minority interests of 66 million euros ($93.7 million), 71 percent less than in the same 2008 period.

UP reports 12% profit dip
   Union Pacific Railroad said it had net profit of $468 million in the second quarter, 12 percent lower than the same 2008 period.

Hub: Earnings off 45%, but still “respectable”
   Hub Group Inc. said it had second quarter net profit of $8.3 million, 45 percent less than the $14.97 million earned in the same 2008 period.