Why UPS Is Betting $48 Million on Temperature-Controlled Logistics Growth
UPS is in the middle of a turnaround, with a key goal of focusing on more profitable customers.
Overview
United Parcel Service (NYSE: UPS) is in the middle of a turnaround, which management says is about to hit an inflection point. The goal is to modernize the business to make it leaner and more profitable. There are many moving parts, with a key focus on fostering the right customer relationships. Which is why the company is investing $48 million in its temperature-controlled logistics operations. Here's what you need to know.
A big part of UPS' business overhaul has been to introduce new technology to make the company more efficient. That has required material investment and allowed the company to trim staff and sell off older, less efficient assets. But another part of the equation is the industrial giant's customer base.
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Originally published at www.fool.com.