UPS announced earlier this month that it plans to invest $2 billion in international infrastructure in the U.S., South America, Europe and Asia between now and the end of 2019. The package giant, which delivers about 4.3 billion packages a year across the globe, plans to grow its international revenue by 6-9% per year and its international operating profit by 9-12% per year during this span.
UPS chief executive David Abney spoke to Post & Parcel Magazine about the change, stating:
UPS is a strong company that has proven its ability to adapt. The needs of our customers continue to change, and we’re changing with them by offering new and innovative solutions. UPS provides superior customer benefit by connecting a broad portfolio of solutions to the UPS global network. When coupled with efficient investment in technology, UPS generates substantial value for customers and shareowners.
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