Tag: UPS

UPS lowers 2nd quarter earnings expectations (U.S)

Posted by | Jun 23, 2008 | |

UPS announced it expects earnings per diluted share for the second quarter within a range of USD 0.83-to-USD 0.88 compared to the USD 0.97-to USD 1.04 per share the company originally anticipated.

Slow U.S. economic growth and an unprecedented increase in the cost of fuel have resulted in lower-than-expected U.S. package volume and an accelerating contraction in the use of premium air products. In addition, the anemic U.S. economy is negatively impacting package volume into the United States, affecting results for the International segment. Performance in the Supply Chain & Freight segment is continuing to exceed expectations.

On July 22, UPS will release second quarter results followed by a conference call to provide insight into the quarter and remainder of the year.

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Changing economy poses challenges for U.S. Customs

Posted by | Jun 22, 2008 | |

DHL’s plan to hire United Parcel Service for domestic air transport of DHL packages may have a long-term impact on how the government deploys its customs inspectors regionally.

Last year, the U.S. Customs and Border Protection agency decided to reassign most of its staff from Dayton International Airport to DHL’s air freight hub at Wilmington, to handle DHL’s brisk flow of incoming packages from foreign destinations.

On May 28, DHL announced its plan to hire UPS. That could end DHL’s need for air freight operations at Wilmington by some time in 2009, since UPS has its own sorting and air transport facilities. German-owned DHL, which is trying to end multimillion-dollar losses in its U.S. operations, has said it hopes to conclude a contract with UPS within three months and begin making operational changes soon after.

The government has no plans to change deployment of its staff at Wilmington because it hasn’t received official notification from DHL of any changes for that hub, Miles said.

Most of the customs staff of eight people at the Dayton airport remain there still, because the relocation of what is known as a port office is still in progress, customs spokesman Brett Sturgeon said. One officer has been reassigned from Dayton to supplement the previously existing staff at Wilmington, Sturgeon said.

There will be a renewed need for U.S. customs staff at Dayton International Airport, which is about to see a return of international passenger flight service for the first time in six years.

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UPS to assume full control of operations in Korea

Posted by | Jun 18, 2008 | |

UPS today announced an agreement with The Korea Express Co., Ltd. (KEC) to acquire KEC’s interest in the UPS-KEC express joint venture company here. The transformation of the joint venture to a wholly-owned subsidiary will allow UPS to grow its business in Korea and better serve its customers in a key market.

Terms of the deal were not disclosed.

“UPS and KEC have had a successful partnership in Korea for more than 10 years, but UPS has arrived at a point where we need greater flexibility to match our commitment to this important market,” said Derek Woodward, president of UPS’s Asia-Pacific Region, noting Korea now is America’s 7th largest trading partner.

The two companies also signed a cooperation agreement for continued collaboration. It recognizes UPS’s global network and infrastructure and KEC’s local network and customs brokerage operations.

UPS expects to enhance its levels of reliability and to further build its brand presence in Korea. As part of its strategy to provide total integrated logistics solutions, UPS will begin integrating its Supply Chain Solutions operation with the newly-formed package express entity to offer a single UPS branded portfolio.

Earlier this year, UPS rolled out a series of new services to better serve Korean customers including a simplified suite of three services for shipping international air freight. The suite includes a substantially expanded express freight option with guaranteed door-to-door service. By combining the capabilities of the world’s 9th largest airline with UPS’s position as a global freight forwarder with access to other airlines, UPS is the only transportation and supply chain provider offering guaranteed integrated air freight services in a single portfolio.

UPS began operating in Korea in 1988. The company operates 31 weekly flights to and from Incheon Airport using B-747, B-767 and MD-11 aircraft connecting Seoul to Qingdao, Shanghai, Taipei and Anchorage.

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New UPS services making it easier to go green

Posted by | Jun 18, 2008 | |

As U.S. businesses face challenges associated with a sluggish domestic economy, many are looking to markets overseas. Two technology-enabled services from UPS are making it easier than ever for businesses large and small to expand beyond U.S. shores – and helping them go green while they’re at it.

Introduced in January, the industry-first solutions – UPS Paperlesssm Invoice and international UPS Returns – now are available within the UPS Shipping Tool, an application program interface (API) that enables customers to integrate them into their own web sites and enterprise applications. They’re already helping thousands of UPS customers manage shipments to 98 countries and territories around the world via UPS shipping systems like UPS WorldShip, UPS CampusShip™ and UPS Internet Shipping.

“It’s more important than ever for small- and medium-sized companies to look at global markets and to leverage technology to act ‘big,’ even as they retain the flexibility of a smaller company,” said Jordan Colletta, UPS vice president of customer technology marketing. “With the spotlight on operational costs, these UPS services allow businesses of all sizes to overcome some of the complications of operating internationally in a cost-effective manner.”

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Ohio urges DHL to reconsider UPS move

Posted by | Jun 17, 2008 | |

Ohio is asking the German owner of package delivery company DHL to reconsider a proposal that could mean the loss of at least 6,000 jobs at the DHL hub in southwest Ohio.

DHL wants to drop ABX Air and ASTAR as its air cargo handlers at the hub in Wilmington and replace them with Atlanta-based United Parcel Service. UPS would handle DHL packages at UPS’ existing hubs.

Ohio Lt. Gov. Lee Fisher says Frank Appel, chief executive of Deutsche Post World Net, told him Monday that he would be willing to explore other options, but made it clear that DHL intends to move forward with the UPS transaction.

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