Tag: UPS

China’s postal plan worries foreign courier companies

Posted by | Oct 30, 2008 | |

Foreign express-delivery companies operating in China including DHL, FedEx, TNT and UPS are fighting new legislation they say will undermine their ability to compete in the market for delivering documents and packages domestically. A new provision in the draft version of China’s Postal Law forbids foreign companies from investing in the domestic letter delivery business. Foreign delivery firms, most of which have been operating in China through joint ventures or other local operations, fear that the provision will make it harder to compete with China Post, the country’s state-owned postal service. China’s legislature says it will accept comments on the law until November 30. Total revenue in China’s postal system was USS 12.7 billion last year, with express delivery accounting for more than a third of the total.

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UPS first in industry to purchase hydraulic hybrid vehicles

Posted by | Oct 27, 2008 | |

As part of a public-private partnership to increase the commercial availability and use of alternative fuel vehicles, UPS announced its first purchases of a little-known technology – the hydraulic hybrid vehicle – that promises dramatic fuel savings and environmental benefits.
The technology, originally developed in a federal laboratory of the Environmental Protection Agency, stores energy by compressing hydraulic fluid under pressure in a large chamber.
Disclosing the results of its road testing on Detroit routes for the first time, UPS and the U.S. Environmental Protection Agency (EPA) said the prototype vehicle had achieved a 45-to-50 percent improvement in fuel economy compared to conventional diesel delivery trucks. UPS believes similar fuel economy improvements and a 30 percent reduction in CO2 are achievable in daily, real-world use. The EPA believes the technology can perform equally well in other applications such as shuttle and transit buses and refuse pick-up trucks.
UPS will deploy the first two of the new HHV’s in Minneapolis during the first quarter of 2009.
UPS’s current “green fleet” totals more than 1,600 low-carbon vehicles, including all-electric, hybrid electric, compressed natural gas (CNG), liquefied natural gas (LNG) and propane-powered trucks.

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UPS begins construction of intra-Asia hub in Shenzhen

Posted by | Oct 24, 2008 | |

UPS began construction of its new intra-Asia air hub at Shenzhen International Airport in the heart of China’s Pearl River Delta.

Once completed, the Shenzhen facility will replace UPS’s current intra-Asia hub located at the former Clark Air Base in the Philippines and serve as UPS’s primary transit hub in Asia. The facility is expected to open in 2010.

The repositioning of the air hub will slash at least a day off shipment times-in-transit for Asian customers while offering a new level of service to the manufacturing region located just north of Shenzhen, not far from Hong Kong.

Currently, the markets of China, Hong Kong, Japan, Korea and Taiwan account for more than half of UPS’s total intra-Asia volume. Of this, a sizeable proportion of Asia package export volume now originates in southeast China and Hong Kong.

The UPS Shenzhen Intra-Asia hub will be built on a land area of 89,000 square meters (958,000 square feet) and include a dedicated 150,000-square-meter (1.6 million square feet) ramp provided by Shenzhen Airport, an express customs handling unit, sorting facilities and cargo handling areas.

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Pilots protest UPS-DHL plan

Posted by | Oct 23, 2008 | |

The Air Line Pilots Association is up in arms over DHL’s proposed service contract with UPS.
The agreement would give UPS all of DHL’s U.S. air freight business and erode competition in the air cargo market.
ALPA points to a new page on UPS’ Web site as an indication that what DHL has called a vendor contract agreement with UPS is really a poorly disguised preamble to a merger.
John Prater, President of ALPA, said, “This website reveals the true nature of this deal, which was never designed to provide better package delivery services to the North American public. Congress needs to get to the bottom of this deal, which is bad for the already struggling U.S. economy.”
ALPA contends that statements on the Web site contradict the companies’ congressional testimony that the deal is not a merger and does not violate antitrust regulation.

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UPS releases 3rd quarter results

Posted by | Oct 23, 2008 | |

UPS reported diluted earnings per share of USD 0.96 for its third quarter on a 7.4pct increase in revenue. This represents an 8.6pct decline from the USD 1.05 per share reported on an adjusted basis for the comparable 2007 quarter. The company’s international and supply chain businesses demonstrated strength despite a challenging global economic environment.
Unadjusted diluted earnings per share of USD 1.02 for the 2007 third quarter included a restructuring charge and related expenses for a supply chain business in France. Diluted earnings per share for this year’s third quarter declined 5.9pct compared to this amount.
“UPS managed the business well in this very tough economic climate,” said Scott Davis, UPS’s Chairman and CEO. “We continue to see growth in our international and supply chain businesses while maintaining our focus on cost control and revenue management throughout our organization. UPS also is investing to ensure growth in the future so that the company will be even stronger when the global economy rebounds.”

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