NEW YORK (TheStreet) -- United Parcel Service (UPS) - Get Report CFO Richard Peretz told CNBC's Kelly Evans that the way the company stays competitive is through efficiency and technology on "Closing Bell" Tuesday.
On Friday, UPS reported 2016 second quarter earnings of $1.43 per share, on par with analysts' expectations. The package delivery company reported revenue of $14.629 billion, above Wall Street estimates of $14.625 billion.
Beginning in 2015, UPS saw a "very successful peak season" after collaborating with customers, such as retailers, earlier than often during the holiday season, Peretz said.
"Which means in like March we're starting to talk to them. We're actually talking to them all the way through the holiday season," he explained.
In addition, UPS developed an app to communicate directly with its end users to get better delivery "convenience control and choice," according to Peretz.
The company implemented 27,000 "access points" for end users to pick their products up, Peretz continued.
"So people in New York City who used to not be able to participate can now have it sent to an access point when they don't live in a doorman-type building," he stated.
UPS' Saturday deliveries has also contributed to the company's growth, Peretz added.
Shares of UPS closed down today.
Separately, TheStreet Ratings rated UPS as a "buy" with a score of A.
The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, good cash flow from operations and increase in net income. TheStreet Ratings feels its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: UPS
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.