Tag: UPS

UPS Express Critical launched

Posted by | Aug 27, 2007 | |

UPS launched UPS Express Critical, a service that allows customers to manifest and track urgent shipments with a single call center, one bill and one Web site.

UPS Critical allows package shippers to bill their shipments on their package account.

The new service can also offer shippers transportation combinations of planes and trucks – in one case, UPS said, an auto parts wholesale distributor in Ohio was able to take orders late into the evening and still reach dealers with shipments before normal business hours the next morning.

UPS competitor FedEx has a similar service, FedEx Custom Critical.

Urgent shipping customers can use the single-point system whether they”re using UPS SonicAir, UPS Airlines or UPS Freight.

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UPS expresses interest in Deutsche Post

Posted by | Aug 24, 2007 | |

Rumors are rife that UPS and private-equity firm Apax Partners Worldwide may bid for a stake in Deutsche Post.

The operator’s share value rose on the back of the speculation and 2Q results. “Deutsche Post are boosted by the rumor Apax and UPS might bid 28 euros a share for about 30 per cent in the company,” said Thomas Nagel, a trader at Equinet AG in Frankfurt.

2Q profit rose 13 per cent as the DHL express division increased package volumes in Asia and earned more per shipment in the US.

Net income rose to 285 million euros, from 252 million euros, or 21 cents, a year earlier.

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UPS has moved way beyond boxes

Posted by | Aug 22, 2007 | |

UPS ranks among the top freight haulers at Miami International Airport, the busiest international cargo airport in the country.

The company’s sprawling warehouse in Miami also stores goods from China to be shipped out as needed to Central America and beyond.

Over the past decade, UPS has been on a buying binge to expand “end-to-end” services to clients in Latin America.

It bought Miami-based carrier Challenge Air Cargo, acquiring key flight routes to the region. It bought a customs brokerage to help ease the flow of goods across borders. Plus, it bought an information technology parts and service business that sends technicians to fix computers and critical equipment at banks and other businesses in Latin America, drawing on parts that UPS ships and stores.

UPS now employs more than 5,000 people in its Latin American regional operations, including hundreds in Miami.

One fast-growing business segment is running warehouses and distribution for clients, using its high-tech systems.

Services now run the gamut from dispatching some 400 field engineers to fixing computers to financing its customers.

Through UPS Capital, the company helps clients with billing and collections. It even offers loans for companies to expand and trade more through UPS.

Analysts say UPS distinguishes itself from fellow delivery giants FedEx and DHL by its attention to detail and well-engineered processes: Driver manuals provide routes with fewer left-hand turns to save time at intersections. It is the only one to offer financing. And it is by far the most profitable, said analyst Jindel.

For the future, opportunities still abound. UPS aims to expand business within countries overseas, such as trucking between Chinese cities.

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TNT share interest

Posted by | Aug 22, 2007 | |

Shares in Dutch mail company TNT rose 3.7 percent to 31.11 euros on Wednesday on renewed talk that the group may be a bid target, traders said.

They named TNT’s U.S. rivals UPS or Fedex as possible bidders.

A TNT spokesman declined to comment, saying the company never commented on market speculation.

An Amsterdam-based trader said: “There is talk of UPS or Fedex interest in TNT. It is an old rumor but UPS and Fedex both seem to be looking at Europe, which would make TNT an obvious candidate, especially as the shares have come off recently.”

“I wouldn’t be surprised if one of them buys it eventually,” the trader said.

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UPS updates sustainability report

Posted by | Aug 20, 2007 | |

UPS today released its fourth annual Corporate Sustainability Report tracking progress on the company’s economic, social and environmental objectives.

The report is based on 2006 data. UPS reports annually on its progress meeting five-year goals for employment, safety, environmental and philanthropic initiatives. UPS was the first company in its industry to issue a sustainability report.

Achievements cited in the new report include:

– Employees contributed nearly 1 million volunteer hours to community projects around the globe.
– UPS achieved one of its safety goals a year ahead of schedule, cutting lost-time injuries by 28 pct last year.
– The company maintains the largest alternative-fuel fleet in the industry and shaved more than 28.5 million miles by using technology to streamline delivery routes.
– UPS recycled more than 2.7 million pounds of electronic equipment from its operations.

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