It's a boon for both traditional cargo and
package delivery companies as they rush to get packages from Amazon and other retailers, carrying products from salmon to pharmaceuticals to smartphones, to consumers as fast as possible.
Big retail, communications and
package delivery companies use an enormous amount of fuel to power their own fleets and indirectly through their suppliers.
UPS CFO Richard Peretz joins «Squawk on the Street» to talk about
the package delivery company's quarterly earnings as part of CNBC's Global CFO Council.
The package delivery company's goal is to train 4,000 drivers this year.
As the world's largest
package delivery company, UPS handles shipping for many of the biggest retailers, including Amazon, Walmart, and Macy's.
The world's largest
package delivery company, viewed as an indicator of economic strength, reported revenue increased 10 percent to $ 17.1 billion in the first quarter from a year ago, topping analyst expectations of $ 16.47 billion.
FedEx's second - quarter earnings soared 23 percent, but
the package delivery company missed Wall Street forecasts due partially to a lower - than - expected benefit from falling fuel prices.
United Parcel Service, Inc. is
a package delivery company.