UPS executives look to speed up transformation- Marketwatch
United Parcel Service Inc. is ramping up a "transformation" plan to cut costs across the organization as the delivery firm responds to changes in how people shop and nontraditional competitors such as Amazon.com Inc.
UPS executives on Thursday spoke often of accelerating a review of the company's operations after it reported its latest quarterly results. The company is now delivering a majority of packages to consumers, rather than businesses, in the U.S., a more expensive delivery since it means delivering fewer packages to more stops.
"The pace of change of business is accelerating so quickly," Chief Executive David Abney said on the company's first-quarter earnings call. "We feel like we had to respond with a sense of urgency."
United Parcel Service Inc. is ramping up a "transformation" plan to cut costs across the organization as the delivery firm responds to changes in how people shop and nontraditional competitors such as Amazon.com Inc.
UPS executives on Thursday spoke often of accelerating a review of the company's operations after it reported its latest quarterly results. The company is now delivering a majority of packages to consumers, rather than businesses, in the U.S., a more expensive delivery since it means delivering fewer packages to more stops.
"The pace of change of business is accelerating so quickly," Chief Executive David Abney said on the company's first-quarter earnings call. "We feel like we had to respond with a sense of urgency."
