Supply chain boost for UPS
/Extracted 26JUL2011 from http://www.logisticsmanager.com/Articles/Article.aspx?liArticleID=16578&u...
The adjusted operating margin rose from six per cent to 8.1 per cent, driven by significant improvements in the forwarding business as a result of revenue management initiatives and favourable buy rates.
Chairman and chief executive Scott Davis said: “UPS’s results reflect the continued execution of our strategy and the ability to grow earnings in an uneven economic environment. Customers are recognising the value of the integrated solutions that leverage UPS capabilities around the globe and across the entire supply chain.”