UPS reported Q2 earnings on July 29, highlighting key financial metrics for the quarter. However, an earnings report is more than just a series of numbers – it tells a story about where a company has been, and perhaps more importantly, where it is going.
Paving the path to an even stronger, more nimble company, here are four key takeaways from UPS’s Q2 earnings report.
1. Given UPS’s proven trade expertise and vast global network, customers are coming to the company for solutions to navigate tariff uncertainty.
As UPS CEO Carol Tomé said during the earnings call, “Trade doesn’t stop, it moves.”UPS is helping customers visualize, evaluate and optimize their global supply chains to help keep them moving.
Here are 3 ways UPS helps businesses navigate global trade and tariffs.
2. UPS is flexing its network to adjust to changing trade needs.
With service in more than 200 countries, UPS flexes its network to meet customers when and where they need solutions. During the second quarter, UPS adjusted flights in Asia, Europe and US international trade lanes as customers responded to tariffs by changing their supply chains.
For example, UPS nearly doubled its capacity between India and Europe. China remains an important player in global trade, and UPS is also leveraging new opportunities such as nearshoring in Mexico.
3. Service levels are strong as UPS continues its largest ever network reconfiguration.
UPS remains committed to industry-leading service as it strategically reconfigures its network, which includes closing some buildings in the U.S. Each building closure follows a checklist of more than 1,000 steps to help keep service high for customers.
4. UPS provides differentiated, end-to-end services that drive growth in the best parts of the market.
UPS is demonstrating resilience while reimagining its business, embracing what sets it apart from the competition – complex logistics. For example, UPS recently entered into a definitive agreement to acquire Andlauer Healthcare Group Inc., which will enhance the company’s cold chain and pharmaceutical transportation capabilities in Canadian and U.S. markets.
Whether UPS’s integrated global smart network, next-gen brokerage, or even big and bulky same-day delivery via Roadie (a UPS company), UPS has the right solution, no matter how complex the logistics challenge.
UPS is helping businesses reach their goals in a rapidly changing world. Explore how.