UPS adjusts to a changed macroenvironment
The two-year transformation of UPS Inc., summarized by CEO Carol B. Tomé in her now-familiar mantra of 'better, not bigger,' has played out amid an environment of steadily rising volumes. The mantra hasn't changed, but the environment has.The Atlanta-based transportation and logistics giant (NYSE: UPS) posted first-quarter results on Tuesday that offered insight into the company's ability to manage through an uncertain macroeconomic outlook that led to the first period of weaker-than-expected demand since Tomé took over in June 2020.
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