CLAIM #60124 · United Parcel Service Inc (UPS) · 2023Q2 earnings call · Aug 8, 2023 · due Dec 31, 2023
“So we're not putting in a lot of recovery into the international business going forward.”
Brian O. Newman · CFO
In context
“is a great place to think about growth from here on out. Operator: Our next question will come from the line of Scott Schneeberger of Oppenheimer. Scott Schneeberger: Brian, I believe you said you're expecting a bottoming in Europe and Asia in the third quarter. Just want to get a sense of cadence and your optimism that it will improve in fourth quarter, just what you're seeing in trajectory on both there. And then also, if you could put into perspective just the domestic cost per piece, how you see that trajectory on that metric specifically? Thanks. Brian Newman: So on the bottoming, we have thought we would have seen the bottom in Asia in Q2, which I would say, it didn't recover. It stalled. In Europe, we think the bottom will be more in Q3, but there could be an elongated period here. So we're not putting in a lot of recovery into the international business going forward. On the CPP basis, we're still calling from a U.S. basis, we would look from a full year standpoint to be about 11.24, which is about a 1.4% change from the 11.08 we had previously. Operator: Our next question will come from the line of Stephanie Moore of Jefferies. Stephanie Moore: I'd want to touch a little bit on kind of your automation efforts as part of your ongoing productivity tools. I think you said last year, it was 53% went through some form of an automated hub, this year at 57%. Do you have kind of a line of sight on where that can go over time? Carol Tomé: We do. We're going to come back in the spray at our Investor Conference and give you our sense of what we're calling network of the future. It's a very exciting opportunity for us to really automate this business. The good th”
Verify independently
SEC filings for UPS ↗ · Claim quote is verbatim from the 2023Q2 earnings call.