Tag: UPS

SkyPostal Networks Launches New Cross-Border Internet Shopping Facilitator

Posted by | Oct 22, 2008 | |

SkyPostal Networks, Inc.announced its launch of a new parcel logistics service under the PuntoMio brand (www.puntomio.com). PuntoMio.com offers online international shopping assistance with U.S. e-tailers, and provides international transport, customs clearance and delivery to cross-border shoppers.
SkyPostal President and CEO, Albert Hernandez, said, “In line with our growth strategy, we are leveraging our established private postal network to enter the parcel post market by facilitating cross-border Internet shopping. The worldwide parcel market has been growing 8 pct per year to 6.5 billion items in 2007. The economical parcel post service offered by the national posts lacks interconnectivity between the world’s Posts. It does not provide a visible and seamless merchant-to-consumer cross-border service as provided by the costly private express couriers like FedEx and UPS. PuntoMio.com combines proven B2C logistics know-how, mail delivery network and catalog marketing experience to offer on-line merchants the opportunity to market their products to international customers without the inherent risks associated with cross-border parcel delivery.

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Earnings Preview: UPS

Posted by | Oct 21, 2008 | |

UPS reports third-quarter earnings on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Hit by the economic downturn, the Atlanta-based company was expected to post a lower profit for the July-September period, compared to the same timeframe a year ago.

UPS’ shipping business within the U.S. in particular has been affected. When it released its second-quarter earnings in July, UPS lowered its outlook for the full-year. The current fourth quarter includes the traditionally busy holiday shipping period.
The company remains confident in its plans for future growth. UPS, also known as United Parcel Service, has said it has been working to cut costs.
UPS also is working out a contract to carry some air packages for DHL, the struggling U.S.-based express shipping unit of German postal service Deutsche Post AG. UPS, when it announced the proposed collaboration on May 28, predicted that the deal, when completed, will add up to USD 1 billion in annual revenue for the company.
Executives have said UPS also is interested in expanding its international package business. Asia and Europe are of particular interest to the company, executives have said. Besides the potential UPS-DHL deal, UPS has not announced any further deals in recent months.

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Integrator shares rocked by financial sector turbulence

Posted by | Oct 17, 2008 | |

Shares of Deutsche Post World Net, TNT, UPS and FedEx have been hit dramatically in recent weeks by the turbulence in world financial markets but also by clear signs of a slowdown in the international express business. The outlook for the forthcoming weeks and months remains uncertain.

Since the start of September, TNT shares have fallen nearly 40pct, DPWN shares have dropped 37pct, FedEx shares are down 20pct and UPS has declined 19.5pct, according to CEP-Research analysis. Since the start of 2008, DPWN is down 57pct, TNT is down 44.9pct, UPS has fallen 25.3pct and FedEx has dropped 23.1pct.

“Integrator shares have clearly been impacted by the general slump on the world stock exchanges. But investors also appear nervous about how the economic slowdown will affect the express and parcel sector,” commented Mark Winkelmann, managing partner of ITA Consulting, the CEP-Research parent company. “There are certainly widespread indications of customers downtrading from expensive air express services to cheaper and slower economy products. It is unclear however whether this is a short-term or a longer-term trend.”

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UPS Sets 2009 Rates

Posted by | Oct 17, 2008 | |

UPS released new list rates for 2009, including an average increase of 5.9 percent for UPS Ground packages and an average net increase of 4.9 percent on all air express and U.S. origin International shipments.

UPS Freight announced a general rate increase of 5.9 pct for 2009.

The rate increase for air express and international shipments is based on a 6.9 percent increase in the base rate, less a 2 percent reduction in the air and international fuel surcharge index.

The new rates will take effect on Jan. 5, 2009.

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