UPS chairman & CEO Mike Eskew that told providing "complete supply chain solutions" is critical to his company's growth strategy.
Eskew said that more than ever, businesses understand there is still "too much fat" in its distribution systems, but added the costs that can be reduced and managed more effective with better supply chain planning and execution. He went on to add that supply chain solutions are UPS's future, and will further extend its competitive advantages. Eskew added that UPS expects earnings per diluted share for the first quarter of 2002 to be at the high end of the $0.40-to-$0.47 guidance that it provided last month. For the second half of 2002, assuming timely completion of labor negotiations with the Teamsters and a strengthening economy, UPS expects improving revenue trends and a 50% to 60% improvement in the profitability of its international package delivery business. The company also expects a profit increase of approximately $100 million in its non-package segment this year.