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Job cuts are coming
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<blockquote data-quote="rhider" data-source="post: 136287" data-attributes="member: 6755"><p>This is from the ups.com site....stuff in <span style="color: red">red</span> should ruffle some feathers!</p><p> </p><p><strong>UPS CEO Eskew: Business good, but better execution needed</strong> ATLANTA - UPS Inc. is confident its growth strategy is working amid competitive and economic challenges, but it must improve the performance of its logistics business, the chief executive of the world's largest shipping carrier said Wednesday. </p><p> </p><p><span style="color: red">"We know that we have to execute better than we have,"</span> CEO Mike Eskew told investors at a conference at the company's Atlanta headquarters. </p><p> </p><p>When it released its earnings last month, UPS, also known as United Parcel Service Inc., announced that <span style="color: red">it would cut 1,200 jobs in its air freight and logistics business. </span></p><p> </p><p>UPS has said the restructuring is meant to reduce costs and align transportation services and planning across the company. </p><p><span style="color: red">"UPS does not aspire to be in the contract solutions business for its own sake,"</span> Eskew told investors. </p><p> </p><p>Eskew said that on the whole he likes what he sees from the company's businesses and its growth opportunities internationally thanks to free trade. The company announced expanded international shipping options on Tuesday. Among other things, it is guaranteeing early morning delivery of goods to more international destinations. </p><p>"Borders are no longer the impediments to business as they once were," Eskew said. </p><p> </p><p>Certain industry trends are also helping UPS, including more customers shipping goods direct to consumers instead of through warehouses and more people buying goods online. </p><p> </p><p>For the third quarter, UPS reported that its profit rose 8.9 percent, beating Wall Street expectations. It also said its quarterly revenue rose 10.5 percent, and it is looking forward to a good holiday shipping season. </p><p> </p><p>But success in new and growing markets, including heavy freight, will be key to UPS as it moves forward, Eskew said. </p><p> </p><p><span style="color: red">"Perhaps the single most important element here is visibility into the supply chain," the CEO said. "Today, we are more than just a delivery company."</span> </p><p> </p><p>Eskew also reiterated that UPS is still evaluating whether to cancel its Airbus A380 orders, like rival FedEx did Tuesday, over program delays. </p><p>"We're not pressed to make an immediate decision," Eskew said, echoing comments a company spokesman made a day earlier. He said UPS will be talking about the issue. "But our backs are not against the wall," Eskew said.</p></blockquote><p></p>
[QUOTE="rhider, post: 136287, member: 6755"] This is from the ups.com site....stuff in [COLOR=red]red[/COLOR] should ruffle some feathers! [B]UPS CEO Eskew: Business good, but better execution needed[/B] ATLANTA - UPS Inc. is confident its growth strategy is working amid competitive and economic challenges, but it must improve the performance of its logistics business, the chief executive of the world's largest shipping carrier said Wednesday. [COLOR=red]"We know that we have to execute better than we have,"[/COLOR] CEO Mike Eskew told investors at a conference at the company's Atlanta headquarters. When it released its earnings last month, UPS, also known as United Parcel Service Inc., announced that [COLOR=red]it would cut 1,200 jobs in its air freight and logistics business. [/COLOR] UPS has said the restructuring is meant to reduce costs and align transportation services and planning across the company. [COLOR=red]"UPS does not aspire to be in the contract solutions business for its own sake,"[/COLOR] Eskew told investors. Eskew said that on the whole he likes what he sees from the company's businesses and its growth opportunities internationally thanks to free trade. The company announced expanded international shipping options on Tuesday. Among other things, it is guaranteeing early morning delivery of goods to more international destinations. "Borders are no longer the impediments to business as they once were," Eskew said. Certain industry trends are also helping UPS, including more customers shipping goods direct to consumers instead of through warehouses and more people buying goods online. For the third quarter, UPS reported that its profit rose 8.9 percent, beating Wall Street expectations. It also said its quarterly revenue rose 10.5 percent, and it is looking forward to a good holiday shipping season. But success in new and growing markets, including heavy freight, will be key to UPS as it moves forward, Eskew said. [COLOR=red]"Perhaps the single most important element here is visibility into the supply chain," the CEO said. "Today, we are more than just a delivery company."[/COLOR] Eskew also reiterated that UPS is still evaluating whether to cancel its Airbus A380 orders, like rival FedEx did Tuesday, over program delays. "We're not pressed to make an immediate decision," Eskew said, echoing comments a company spokesman made a day earlier. He said UPS will be talking about the issue. "But our backs are not against the wall," Eskew said. [/QUOTE]
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