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 challenges does UPS face regarding international trade, particularly with China?

What is the significance of the succession plan mentioned in the interview?

How is UPS planning to utilize drones in their operations?