UPS CEO Abney Says Succession Plan Unchanged by COO’s Retirement

David Abney, CEO of UPS, discusses the company's strategies for reducing costs by 2.5% through automation and e-commerce focus, leading to improved operating profits. He highlights the strength of the US consumer market and the impact of international trade tensions, particularly with China. Abney also addresses the company's progress in automation, capital investment efficiency, and future opportunities with drone technology. The discussion includes insights into UPS's succession planning and the challenges posed by global trade dynamics.

What was the percentage reduction in unit costs for UPS's domestic operations?

• 10%

• 2.5%

• 1%

• 5%

Which strategy did UPS focus on to align with global trends?

• Manufacturing

• Retail expansion

• Logistics

• E-commerce

How is the US consumer market performing according to UPS?

• Declining

• Strong

• Stable

• Weak

What is a significant factor affecting UPS's international operations?

• Brexit

• US-China trade disputes

• Oil prices

• Currency fluctuations

What percentage of UPS's packages are currently processed through automated systems?

• 90%

• 70%

• 50%

• 30%

What new technology is UPS leading the way with?

• Blockchain

• Drones

• Electric vehicles

• AI

Which trade relationship is most concerning for UPS at the moment?

• US-EU

• US-Japan

• US-China

• US-India