UPS to focus on premium services by excluding low-profit e-commerce volume
UPS United Parcel Service Inc
$95.78 +1.04%
View chart & analysis → - 1UPS discussed a plan to reduce low-profit e-commerce volume and focus on premium services over the next 18 months.
- 2UPS is scaling back its domestic parcel network, reducing 150 sorting centers, 30,000 jobs, and 50 million hours of reduced labor time.
- 3CEO Carol Tomé said during the company's second-quarter earnings call that the strategy of focusing on premium segments rather than scale is working.
So what's the key point?
UPS has decided to reduce low-profit online shopping shipments and focus on more expensive services. The company is changing its strategy by reducing centers and jobs.
Source FreightWaves · View original ↗
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