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UPS raises outlook after shedding low-margin Amazon packages
['Connor D. Wolf']
Transport Topics
(Graeme Sloan/Bloomberg)Key Takeaways: UPS completed its Network Reconfiguration and Efficiency Reimagined initiative July 28 after reducing about 2 million daily low-margin Amazon packages.
UPS Inc. leadership has turned its focus to future growth with the completion of its network reconfiguration plan July 28.
“Specifically, we eliminated approximately 2 million pieces per day of lower-quality Amazon volume,” UPS CEO Carol Tomé said during a call with investors.
“These capabilities are generating rich, real-time data about the packages in our network,” Tomé said.
“The successful completion of the Amazon glide-down and related network reconfiguration marks an important inflection point for UPS,” Dykes said.