United Parcel Service Inc. benefited from a continued surge in overnight air shipments in the third quarter, as speedy next-day delivery increasingly becomes the standard for online orders. The delivery company also announced the departure of Chief Operating Officer Jim Barber, who since his appointment to the role in March 2018 was viewed as the top candidate to replace Chief Executive David Abney. Mr. Barber, 59 years old, is retiring at the end of the year, the company said, opening up the CEO succession race.

Source: Wall Street Journal October 22, 2019 11:27 UTC