Fighting talk as UPS defends US market share
United Parcel Service yesterday vowed to defend its share of the US package delivery market against competition from FedEx and DHL, amid signs that its troubled domestic business is back on track. Mike Eskew, chairman and chief executive, said the domestic parcel business was “well ahead” of expectations in the second quarter of this year, following several months of sluggish performance. He set a long-term target for UPS to grow in the US at the same rate as the broader market, halting erosion of the company’s dominant position in its home territory. “We believe we will be growing at the market rate by the latter part of this year and that means we will be maintaining our share,” Mr Eskew told a meeting of investors in New York. The bullish comments set the stage for an intensification of the already bitter competition between UPS, FedEx and DHL in the world’s biggest package delivery market.
Read More
