Demand DeclineThe 2Q guidance from UPS is below expectations, with a decline in U.S. Domestic margin and a significant reduction in demand in the China-to-U.S. trade lane.
Tariff ImpactTariff headwinds are weighing on the outlook for United Parcel Service, overshadowing other positive factors.
Volume DeclineUPS commented that near-term conditions remain soft, with the volume decline that started in February showing limited signs of reversing.