UPS Tumbles After $1 Billion Savings Goal Disappoints Investors

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 13, 2018.

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  1. cheryl

    cheryl I started this. Staff Member

    UPS Tumbles After $1 Billion Savings Goal Disappoints Investors - Bloomberg
    • Capital improvement seen boosting profit up to $1.20 a share
    • Courier to focus on small businesses, health-care customers
    United Parcel Service Inc. dropped after saying it expects to reap $1 billion of annual cost savings from stepped-up investment to make its network more efficient while handling a rush of packages from booming e-commerce.

    The company said it would incur one-time charges of between $550 million and $750 million for the plan, which includes ordering new aircraft, building automated sorting centers and offering employees early retirement. UPS also plans to focus on more profitable small-business and health-care customers.
     
  2. oldngray

    oldngray nowhere special

    Capital expenditures in a contract year.

    Who could have predicted it?