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The Latest UPS Headlines
Profits are down at UPS as it ramps up investments to cut the cost of home deliveries
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<blockquote data-quote="cheryl" data-source="post: 3645490" data-attributes="member: 1"><p><strong><a href="https://www.digitalcommerce360.com/2018/07/26/ups-ramps-up-spending-on-investments-but-reports-profits-are-down/" target="_blank">Profits are down at UPS as it ramps up investments to cut the cost of home deliveries - Digital Commerce 360</a></strong></p><p><em></em></p><p><em>UPS is stepping up investment to increase automation, buy cargo planes and build sorting facilities as it seeks to navigate a changing competitive landscape.</em></p><p></p><p>United Parcel Service Inc.’s effort to cash in on surging e-commerce will have to wait as the courier ramps up spending to boost efficiency and capacity.</p><p></p><p>The domestic package unit earned 11 cents for every dollar of sales in the second quarter, down from about 13 cents a year earlier, UPS said Wednesday as it reported earnings. The tighter profit margin underscored the courier’s heavy investments to cut the costs of home deliveries, which are weighing on UPS’s trademark efficiency because drivers typically handle fewer parcels per stop with them.</p></blockquote><p></p>
[QUOTE="cheryl, post: 3645490, member: 1"] [B][URL='https://www.digitalcommerce360.com/2018/07/26/ups-ramps-up-spending-on-investments-but-reports-profits-are-down/']Profits are down at UPS as it ramps up investments to cut the cost of home deliveries - Digital Commerce 360[/URL][/B] [I] UPS is stepping up investment to increase automation, buy cargo planes and build sorting facilities as it seeks to navigate a changing competitive landscape.[/I] United Parcel Service Inc.’s effort to cash in on surging e-commerce will have to wait as the courier ramps up spending to boost efficiency and capacity. The domestic package unit earned 11 cents for every dollar of sales in the second quarter, down from about 13 cents a year earlier, UPS said Wednesday as it reported earnings. The tighter profit margin underscored the courier’s heavy investments to cut the costs of home deliveries, which are weighing on UPS’s trademark efficiency because drivers typically handle fewer parcels per stop with them. [/QUOTE]
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Profits are down at UPS as it ramps up investments to cut the cost of home deliveries
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