UPS CEO: We've Been Experimenting With Drones

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Dec. 10 (Bloomberg) -- Bloomberg's Carol Massar recaps her interview with UPS CEO Scott Davis. She speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Gained nearly 50% so far this year.

Those are the top headlines.

My radio cohost and bloomberg chief national correspondent carol massar is currently in louisville, kentucky.

She got behind the scenes and took a look at ups during one of the busiest times of year for the company.

Tell us more.

Definitely a busy time of year for ubs.

In fact, last year at this time, a peak season, 4 million packages in one day.

They're getting ready for their busiest day of the year.

That will come on monday.

I spoke earlier with the companies president and ceo.

Certainly, through black friday, cyber monday and getting closer to christmas it is a busy time of year.

And after the holidays, a lot of shopping going on.

Ubs -- ups is impacted because of all of that.

What kind of technological update did scott davis actually tell you about?

In the last week or two, there has been a lot of interest in questions about drones for delivering packages.

We heard all about it from amazon's jeff a dose.

-- jeff bezos.

I put the question to the company's cfo and the ceo as to whether ups would be involved in that kind of technology.

Here's what he had to say.

We have been looking at drones technology for about four years now.

Many companies experiment with drones.

In china in the last year, experimenting with the one package type drone that amazon talked about last week.

We will pay attention to drone technology.

The technology is not that far away.

I think they'll regulation is years and years away.

-- i think the regulation is years and years away.

Regulating drones is a challenge.

Are you thinking about five years out?

I would say more like 10 years.

This is a technology company.

It is the backbone of what ups does.

They spend about $1 billion a year on technology and most of that is looking at what could be down the road.

Interesting to hear what they had to say about drones.

Certainly, nothing is just around the corner here at ups.

Turning to ubs and the world of health care, what did the chief executive -- turning to ups and the world of health care, what did the chief executive have to say about their role in delivering products and services?

I had no idea how much they are involved in health care.

They have several buildings just devoted to health care here.

And you know, fulfillment, and logistics, and just taking care of other companies.

Here is what scott davis had to say about health care companies specifically related to ups.

Many companies need to spend their time and efforts on development.

They turn to companies like ups.

We have a global network that goes absolutely everywhere.

And we are experts in compliance.

It is going to be a fast growing industry with demographics the way they are.

But -- it is not the bulk of their revenue and profits in terms of fulfillment.

But it is certainly one of the growing and strategic areas for ups.

Back to you.

Angst very much, carol massar , my radio cohost and chief national correspondent.

Joining us from the ups headquarters in louisville, kentucky.

Coming up, u.s. head -- u.s. regulators approve the volcker rule.

Will it make the financial system safer?

We have a panel to answer the question.

And later on, john, paul,

This text has been automatically generated. It may not be 100% accurate.


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