United Parcel Service Inc. computer systems monitoring the heartbeat of global commerce sent a discouraging message last quarter as package flows began to fall below the company's forecast.
On July 24 executives announced that they were reducing their Asian air network by 10 percent. Domestic routes were also fine-tuned to lower volumes by systems called Volcano and HFNO that efficiently plan how packages move on planes and trucks to consumers' doorsteps.
"We don't wait three months to say, 'Is there a pattern?'" said Jack Levis, director of process management at UPS, the world's largest package shipper, in an interview. "We are always looking ahead at what's the risk."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
