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    Jake Lacks

    Research Analyst at Wolfe Research, LLC

    Jake Lacks is a Vice President, Equity Research Analyst at Wolfe Research, specializing in industrials and marine shipping with a particular focus on Matson. He has covered companies such as Matson (MATX), and his investment calls have demonstrated a 50% success rate with an average return of 11.7% according to TipRanks, including a notable +56.3% return on a Matson buy rating. Lacks began his role at Wolfe Research after prior experience in the industry, and he currently holds the CFA designation, emphasizing his expertise in equity research. His analytical track record positions him within the upper tier of equity research professionals covering the industrials segment.

    Jake Lacks's questions to UNITED PARCEL SERVICE (UPS) leadership

    Jake Lacks's questions to UNITED PARCEL SERVICE (UPS) leadership • Q2 2025

    Question

    Jake Lacks from Wolfe Research asked if the employee buyout program costs are included in the $3.5 billion savings plan, sought an early indication of the program's potential size, and requested an update on the 'Efficiency Reimagined' initiative's outlook for 2026.

    Answer

    CFO Brian Dykes confirmed the driver separation package is a key lever to achieve the $3.5 billion savings target by accelerating planned attrition. Regarding 'Efficiency Reimagined,' he noted a significant ramp-up in Q2 that will continue through the second half of the year and is expected to generate a similar level of savings in 2026. CEO Carol Tomé added that while it's too early to provide specific numbers on the driver buyout, it is progressing as expected.

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