Tag: UPS

New managers for UPS freight forwarding

Posted by | Mar 25, 2008 | |

UPS has chosen new management to lead its global freight forwarding team.

UPS, which spends more than USD 1 billion a year on technology, wants to use its electronic records platform in the freight forwarding line of business, so that large manufacturers can follow their shipments around the globe, just like customers can track their packages.

Freight forwarding — moving large shipments via third-party air, ocean and train shipping lines — is a highly-competitive industry.

The new President of Freight Forwarding is Eric W. Kirchner, who is replacing Dan Brutto, now President of UPS International.

Everette C. Riley has been promoted to President of Freight Forwarding for North America, and Terry Gavin Sambrook to Vice President of Global Brokerage.

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eBay requires specified shipping

Posted by | Mar 25, 2008 | |

eBay posted an update about shipping policies and features on its Announcement Board on Monday. Beginning this week, eBay will begin requiring that all new sellers who are listing for the first time specify their shipping costs using the Shipping Details section. A few months from now, specified shipping costs will become a requirement for most listings on eBay, including listings from third-party listing tools. (Exemptions will apply to certain categories like Vehicles, or services such as Freight.)

eBay’s shipping calculator supports only certain USPS and UPS services. eBay spokesperson Usher Lieberman said, “For sellers who prefer to use shipping services or carriers not included in eBay’s calculator, they can specify “Standard Flat Rate Service”, “Expedited Flat Rate Service”, “Overnight Flat Rate” or “Other (see description)” in their listing and set a flat rate cost. This is something many sellers do already.” However, FedEx and DHL are not flat-rate services, so sellers who use such major carriers are forced to either select flat-rate shipping or select UPS (http://pages.ebay.com/help/sell/shipping-options.html).

eBay also said Best Match would begin taking into consideration how the shipping cost for an item compares to other items in the same sub-category, and also whether the shipping price is specified. “Items with shipping costs significantly above the average cost for other items in the same sub-category may receive less exposure,” according to the announcement.

One seller writing on eBay’s discussion boards about the policy said, “items in the same sub-category can still be very, very different and have very different packing needs, and shipping weight. This stuff is ridiculous and best of all – will punish the larger size and fragile items of each subcategory. Not for gouging, but just for being big and delicate” (http://forums.ebay.com/db2/thread.jspa?threadID=1000671785).

eBay said the new USPS Priority Mail Large Flat Rate box is now included in the eBay Shipping calculator, but sellers on the AuctionBytes Blog wondered why the new box won’t be incorporated into the PayPal shipping labels solution until later in the summer.

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Should TNT stay in Germany or should it go?

Posted by | Mar 20, 2008 | |

Dutch mail and logistics company TNT NV has more to gain by staying in Germany despite competitive snags as buoyant growth prospects will make up for a shrinking business at home in the Netherlands.

Europe’s second-biggest mail and logistics company by market value, TNT is expected to lose its remaining monopoly in its lucrative domestic market this year, with competitors already eating into its market share and profitability.

It is seeking to reinforce its German operations but has threatened to pull out of the country due to what it sees as preferential treatment for Deutsche Post.

Earlier this month, a German court ruled in TNT’s favour in a case it brought against a minimum wage for postal workers, allowing it to continue paying its lower wage.

Europe’s largest economy introduced a minimum wage of up to 9.80 euros (USD 15.15) per hour for its roughly 220,000 postal workers in January.

The German government said it would appeal against the court ruling, and a verdict could take months, however.

That appeal is hanging over the company and the German postal sector like a sword of Damocles, Dutch daily De Telegraaf quoted Mario Frusch, the chief executive of TNT Post Germany, as saying on Thursday.

He said the company has put its investments in Germany on hold for the time being. TNT Chief Executive Peter Bakker told Reuters in December the company had frozen its investments due to the minimum wage issue.

But TNT needs to take a long-term view of the German mail market, one of the big three in Europe, as it has the potential to drive future growth and offset Dutch losses.

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Outgoing UPS Chief got 7.8% raise in 2007 to USD 4.5 Million

Posted by | Mar 17, 2008 | |

The former Chairman and Chief Executive of UPS Inc., Mike Eskew, received total compensation valued at USD 4.5 million in 2007, a 7.8 percent increase from the year before, according to a regulatory filing Monday by the world’s largest shipping carrier.

According to an analysis of the filing with the Securities and Exchange Commission, Eskew was granted a salary of USD 1,026,000, a bonus of USD 43,000 and a performance-based bonus of USD 197,800.

He received all other compensation of USD 43,019, including USD 2,000 for a charitable contribution match, USD 6,750 for 401(k) matching contributions, USD 5,036 for life insurance premiums, USD 17,583 for pension benefits restoration plan rollover and USD 11,650 for financial planning services.

Eskew also received stock and option awards the company valued at USD 3,142,645 on the days they were granted.

He did not receive above-market or preferential earnings on deferred compensation.

The total compensation of USD 4,452,464 compares with the USD 4,130,657 he was granted in 2006.

The Associated Press’s total pay calculations include executives’ salary, bonus, incentives, perks, above-market returns on deferred compensation and the estimated value of stock options and awards granted during the year.

The calculations don’t include changes in the present value of pension benefits, and they sometimes differ from the totals companies list in the summary compensation table of proxy statements filed with the SEC.

Atlanta-based UPS’s annual meeting will be held May 8 in Wilmington, Del. The company, also known as United Parcel Service, announced in October that Eskew would retire at the end of 2007 after six years as CEO and more than three decades with the company. He has been replaced by Scott Davis, who was the company’s chief financial officer before taking the top post.

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UPS to acquire Romanian Trans Courier Service SRL

Posted by | Mar 13, 2008 | |

UPS today announced it has agreed to acquire its authorized service contractor in Romania, Trans Courier Service (TCS) SRL and will take 100% ownership of the company.

The acquisition agreement marks a logical extension of a successful business relationship that dates to 1990, when UPS first offered its service to customers in Romania through Romtrans SA, TCS’s parent company. TCS has been UPS’s authorized service contractor in Romania since it was founded as a separate entity in 2000.

UPS expects to complete the transaction in the second quarter of 2008, subject to customary closing conditions. Terms of the deal were not disclosed.

As a result of the acquisition, UPS in Romania will be able to solidify its premium service offering to customers and improve its already high levels of service quality in one of the fastest-growing economies in the EU.

The Bucharest-based TCS has been UPS’s service provider in Romania, offering customers a suite of international delivery services through a strong nationwide network backed by advanced shipping systems and technology as well as an experienced workforce. TCS’s customers include some of the most recognized brands in Romania across a broad range of industries. TCS operates facilities in Bucharest, Timisoara and Constanta and connects to UPS’s global network with a flight operating between Bucharest and Cologne every weekday.

UPS has enjoyed solid growth in Romania over the years and in 2007 recorded a 10% gain in export volume growth compared to the prior year.

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