UPS CEO Would Like You to Know That, Unlike FedEx, Big Brown Is Doing Fine in the Amazon Age

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 19, 2019.

  1. cheryl

    cheryl I started this. Staff Member

    UPS CEO Would Like You to Know That, Unlike FedEx, Big Brown Is Doing Fine in the Amazon Age - Fortune

    Not that long ago, Wall Street fretted that tradition-bound United Parcel Service Inc. would lag nimble FedEx Corp., with its fully automated package-sorting hubs, in the race to cash in from surging shipments tied to e-commerce.

    It hasn’t turned out that way.

    A $20 billion investment spree detailed by UPS Chief Executive Officer David Abney last year, a plan that initially rattled Wall Street, is bearing fruit. Profit margins are improving even as 112-year-old Big Brown copes with swelling volume from voracious online shoppers, who are typically less lucrative to serve than business customers.

    “We’re on a real solid trajectory, and I think we’re going to get the benefits of transformation for many years to come,” Abney said in a recent interview at his Atlanta office.
     
  2. DriverNerd

    DriverNerd Active Member

    If UPS is ready for what Amazon is going to bring, I'd be very surprised. Fedex acknowledged that Amazon is going to be a major problem in the future and is dealing with it head on (even hurting their stock in the process) and cutting ties ASAP.
     
  3. rod

    rod retired and happy

    Once again UPS thinks they have everything under control. When will they ever learn.
     
  4. Boywondr

    Boywondr Newbie Doo

    When Hoffa gets the boot.
     
  5. Boywondr

    Boywondr Newbie Doo

    In other words the transformation from real package car drivers to 22.4s were a great deal for stockholders.