UPS announces new consulting subsidiary
AP WORLDSTREAM 29th October 2001
UPS ANNOUNCES NEW CONSULTING SUBSIDIARY
ATLANTA (AP) _ United Parcel Service launched a new consulting subsidiary Monday to help companies evaluate their overall business operations.
UPS Consulting Inc., based in Atlanta, will be led by Gene Long, a former executive at Ernst & Young and Dell Computer.
Initially, the company will have five consultants working mostly for larger firms in the consumer products, retail, technology and telecommunications fields, said Pat Steffen, a spokeswoman for UPS Consulting.
UPS, the world’s largest freight hauler, has moved aggressively in the past two years to diversify and expand its revenue sources. The company has launched subsidiaries to help companies with financing, logistics, customs brokering and freight forwarding.
___ Quarterly earnings expectation high even without federal aid
MEMPHIS, Tennessee (AP) _ FedEx Corp. expects its second-quarter earnings to beat Wall Street expectations even without government assistance being offered to airlines to offset the Sept. 11 terrorist attacks.
Alan B. Graf Jr., executive vice president and chief financial officer, said Monday that solid growth of FedEx Ground, the company’s home-delivery business, contributed to the company’s profitability this quarter.
He also credited the company’s broad portfolio of services for helping offset the i(LANG:ENGLISH;)) )
