Comment / On the wires: UPS – A lean, mean cash machine. Or is it?

“Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, Covid-19 related healthcare shipments and strong outbound demand from Asia. UPSers are keeping the world moving during this time of need (…)” – Carol Tomé, UPS chief executive officer, PR, 30 July 2020, Q2 ’20 update.

The UPS bulls could barely contain their enthusiasm following the company’s Q2 results release and…

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