UPS Builds Platform for Profitable Growth
UPS expects to grow significantly next year and into the future because of a strategy of building capabilities to synchronize global commerce, company executives said. It is doing so by streamlining its domestic operations, extending the reach of its highly integrated international network and expanding its capability to manage complex supply chains. Earnings in 2004 should grow between 12-to-18%. By 2007, when UPS celebrates its 100th anniversary, all three of its operating segments should be delivering profit margins over 15%, said UPS Chief Financial Officer Scott Davis.
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