Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS CEO Sees Wider Profit Margins in 2021 After ‘Turning Point’
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="cheryl" data-source="post: 4765210" data-attributes="member: 1"><p><a href="https://www.msn.com/en-us/money/companies/ups-rides-e-commerce-boom-price-increases-to-profit-surge/ar-BB1djQ4y" target="_blank"><strong>UPS CEO Sees Wider Profit Margins in 2021 After ‘Turning Point’ - MSN</strong></a></p><p></p><p>United Parcel Service Inc.’s profit jumped in the fourth quarter as a rush of online holiday shopping boosted package volume and enabled the courier to raise its prices.</p><p></p><p>The results marked a “turning point” for UPS’s efforts to increase revenue faster than volume, Chief Executive Officer Carol Tome told analysts Tuesday after the company reported earnings. While UPS declined to venture a detailed financial forecast because of uncertainty from the coronavirus pandemic, profit margins will expand in 2021, Tome said.</p><p></p><p>UPS is expecting another strong year after record sales in 2020, as consumers continue to avoid stores in favor of e-commerce shipments to their homes. That’s powering demand for the courier’s ground deliveries while the air-freight operation is poised for growth as it ramps up global distribution of Covid-19 vaccines.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4765210, member: 1"] [URL='https://www.msn.com/en-us/money/companies/ups-rides-e-commerce-boom-price-increases-to-profit-surge/ar-BB1djQ4y'][B]UPS CEO Sees Wider Profit Margins in 2021 After ‘Turning Point’ - MSN[/B][/URL] United Parcel Service Inc.’s profit jumped in the fourth quarter as a rush of online holiday shopping boosted package volume and enabled the courier to raise its prices. The results marked a “turning point” for UPS’s efforts to increase revenue faster than volume, Chief Executive Officer Carol Tome told analysts Tuesday after the company reported earnings. While UPS declined to venture a detailed financial forecast because of uncertainty from the coronavirus pandemic, profit margins will expand in 2021, Tome said. UPS is expecting another strong year after record sales in 2020, as consumers continue to avoid stores in favor of e-commerce shipments to their homes. That’s powering demand for the courier’s ground deliveries while the air-freight operation is poised for growth as it ramps up global distribution of Covid-19 vaccines. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS CEO Sees Wider Profit Margins in 2021 After ‘Turning Point’
Top