Tag: UPS

New UPS facility in Arkansas to accomodate future growth (U.S)

Posted by | May 12, 2008 | |

UPS announced it is opening a new 48,000-square-foot package sorting and delivery facility in Springdale, doubling the capacity of its older building. The new USD 12.5 million facility spans 13 acres.

“The new Springdale building will allow UPS to process more package volume in less time, which will definitely benefit our customers,” said James B. Smith, UPS vice president, Mid South District. “Northwest Arkansas is the fastest growing region in the state and the sixth fastest in the nation, so we wanted to make sure UPS was positioned to serve this rapidly developing area efficiently.”

The facility at 371 N. Monitor Road replaces a former UPS building located at 419 East Robinson. The new building can accommodate up to 108 delivery trucks and can sort up to 8,000 packages per hour. The old building could service up to 78 delivery trucks and sorted about 4,000 packages per hour. The new facility also features a modern UPS customer counter inside to handle any customer shipping needs.

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UPS Freight accelerates shipping for customers in 11 States (U.S)

Posted by | May 12, 2008 | |

UPS Freight announced it has reduced transit times on nearly 1,000 traffic lanes originating in metropolitan areas in the Southwest and Southeast to points across the United States.

Transit times have been reduced by one or two days from points in 11 states, including Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Oklahoma, Tennessee and Texas. The customer improvements are being made without adjusting rates.

The latest round of enhancements follow the more than 8,000 lanes that were improved nationwide by the company in 2007.

Similar network improvements, in a phased plan, will be made throughout other regions of the country later this year. Specific lane enhancements and updated time-in-transit maps may be viewed on ltl.upsfreight.com.

Examples of the network enhancements include placing all of New England under a two-day delivery umbrella from Memphis, Tenn., and shipments from Charlotte, N.C., reaching destinations as far as Dallas and Columbia, Mo., in two days.

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UPS arm in talks to buy AFL for Rs 3,000 million

Posted by | May 9, 2008 | |

UPS Jetair Express, domestic arm of the US-based logistics major United Parcel Services (UPS), is in talks to acquire Mumbai-based logistics company Air Freight (AFL).

According to sources, both parties have been engaged in discussions over the last few months and the deal is expected to be valued at around Rs 3,000 million.

In the wake of the above development, AFL Logistics CEO VV Rao has resigned. Sources believe that Mr Rao did not see any future role in the company considering that he was strategically involved in setting up the network of AFL Logistics, which has been successfully concluded.

AFL denied that it is talks with UPS Jetair Express. “As for Mr Rao moving on, it has been his decision and as an organisation to which he has contributed tremendously in propelling it forward, we respect his choice,” said an AFL spokesperson. Mr Rao could not be reached for his comments.

UPS is looking at acquiring both the existing divisions of AFL; the third party logistics (3PL) arm, AFL Logistics and the express courier arm, AFL Wiz. According to sources, the FY 07’ turnover of both the entities is close to Rs 1,500 million and Rs 300 million, respectively, although, both are loss-making companies.

The figures could not be confirmed as AFL is not a public-listed company. UPS, though, denies that it is in talks to acquire AFL. “No, we have a strategic sales alliance with AFL,” said a UPS Jetair Express spokesperson.

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USPS looks to expand package returns service with major carriers (U.S)

Posted by | May 9, 2008 | |

Looking to cooperate more with its competitors, the U.S. Postal Service is hoping to expand its package returns service through major carriers UPS, FedEx Corp. and DHL, says Jim Cochrane, acting vice president of ground packages at the U.S.P.S. But while none of the three big carriers have yet to publicly express an interest in the service, the Postal Services’ sole returns partner for now, Newgistics Inc., plans a major expansion of the service this year, Newgistics CFO Mike Twomey says.

The Postal Service wants to expand the returns service—through which the U.S.P.S. takes packages from a consumer’s home address to a postal facility, where a private carrier picks it up to complete delivery back to a retailer or manufacturer—as part of a broad effort to expand its delivery business in cooperation with carrier companies. Newgistics specializes in serving apparel and consumer electronics retailers, so extending the U.S.P.S. returns service through other carriers could broaden its reach.

UPS, FedEx and DHL all declined to comment on the Postal Service plan. Cochrane, noting the three carriers were all aware of the Postal Service’s interest in working with them, also declined to say if the U.S.P.S. had entered contract negotiations with any of the carriers.

The Postal Service, in an attempt to run its own operations more efficiently, is providing its shipping partners financial incentives to pick up and deliver packages at direct-delivery units, such as local post offices, instead of at regional bulk mail centers. Newgistics will use its shipping management system to look at a matrix of carrier shipping rates and Postal Service incentives to determine whether it’s more cost-effective to ship to a direct-delivery unit or to a bulk mail center.

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UPS board declares dividend

Posted by | May 8, 2008 | |

The UPS Board of Directors today declared a regular quarterly dividend of USD 0.45 per share on all outstanding Class A and Class B shares.

The dividend is payable June 3, 2008, to shareholders of record on May 19, 2008. UPS has either increased or maintained its dividend every year for more than three decades.

The newly elected Board, in setting its structure for the year, changed the composition of its Nominating and Corporate Governance Committee. That committee will include independent directors Duane Ackerman, Ann Livermore and Stuart Eizenstat and will be chaired by Ackerman.

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