Business
UPS Finance Chief Says Delivery Giant Is Hard at Work Right-Sizing
United Parcel Service has generated roughly $3.5 billion in savings as it trims down following a pullback from Amazon.com deliveries, but its CFO says plenty of work remains to boost the profitability of its package deliveries.
“As with any kind of big restructuring like this, the last third is harder than the first third,” Chief Financial Officer Brian Dykes said in an interview. “There is a lot of planning that goes into how we’re going to sequence the buildings that we’re going to consolidate, and when and how we reduce the staffing.”
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