- UPS (NYSE:UPS +0.5%) provides a financial and strategy update at an investor conference.
- The company says it will accelerate its investment in the next-gen smart logistics network, with a goal for online B2B and B2C market growth.
- “Over the next several years, you will see the most sweeping transformation of our network in its history,” noted CEO David Abney.
- “We are adding more flexible capacity, more technology, more capabilities and becoming more efficient, ultimately to improve customer and shareowner value,” he added.
- The company also announced plans to expand its U.S. delivery and pickup schedule to include six days for ground shipments. UPS will offer Saturday delivery options to the largest metropolitan areas and has started rollout throughout the U.S.
- Financial guidance from UPS includes an expectation for revenue growth of 4% to 6% for 2018 to 2019 and EPS growth of 5% to 10%. Share buybacks of $1.0B to $1.8B are anticipated.
- Source: Press Release