Word: let
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...main rival, FedEx, are in some ways economic bellwethers. The 15.1 million packages that UPS handles every day translate into about 6% of the U.S.'s gross domestic product and 2% of the world's. Consider too that the shipping giants may actually be lagging indicators. "In downturns, companies let inventories deplete before they restock," Becker says. "That means demand--and the economy overall--must go up significantly before UPS's business improves...
...willingness to adapt to changing market conditions has rarely let it down. Founder Jim Casey was 19 at the turn of the 20th century, when he started his private messenger service in Seattle financed by $100 of debt. By 1930, UPS had expanded to the East Coast. Air service was available in every state by 1978 and in 200 countries 15 years later. "As World War II ended, we were still primarily delivering housewives' packages from the market," says Greg Niemann, a UPS exec who worked at the company from 1961 to 1995 and is the author of Big Brown...
...Alaska economical. The answer might surprise you: UPS and FedEx are now outsourcing delivery to a longtime rival, the U.S. Postal Service. "The postal service is already mandated by Congress to stop at every house," Caldwell says. "So why not outsource that last-mile delivery?" In other words, let USPS handle the money losers...
...Harvard is careful to stay focused and not let the hype affect the team...
...county officials, and it was a very friendly thing. It was expected eventually [everyone] would be busted. Everyone knew each other. They had grown up together. These were busts that began with "How is your mom doing?" The penalties weren't very steep, either. One guy was let out of jail every day to go home and feed his cows...