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 Would Like You to Know That, Unlike FedEx, Big Brown Is Doing Fine in the Amazon Age
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: 4207858" data-attributes="member: 1"><p><strong>UPS CEO Would Like You to Know That, Unlike FedEx, Big Brown Is Doing Fine in the Amazon Age - Fortune</strong></p><p></p><p>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.</p><p></p><p>It hasn’t turned out that way.</p><p></p><p>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.</p><p></p><p>“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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4207858, member: 1"] [B]UPS CEO Would Like You to Know That, Unlike FedEx, Big Brown Is Doing Fine in the Amazon Age - Fortune[/B] 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. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS CEO Would Like You to Know That, Unlike FedEx, Big Brown Is Doing Fine in the Amazon Age
Top