Tag: UPS

Turning 100, UPS eyes future growth

Posted by | Aug 3, 2007 | |

As UPS Inc. celebrates its 100-year anniversary later this month, it now is a USD 4 7 billion businesses with a fleet of trucks, an airline and operations in 200 countries.

Increasing competition for delivery of goods has meant the company has had to broaden its global reach and expand its business beyond small package delivery to shipping heavy freight and providing logistics services for companies.

But even as the Internet has made it easier to send, receive or download items electronically instead of paying a service to deliver them, the breaking down of trade barriers has given shippers like UPS overseas opportunities they haven’t had in the past.
These days, the U.S. small package delivery market has slowed along with the economy. As a result, UPS has been increasingly looking beyond U.S. borders for business, offering faster delivery to worldwide destinations. International growth has helped the company’s bottom line.

Last month, UPS reported a 4.1 percent rise in second-quarter earnings on a modest increase in sales. The company’s shares, on an adjusted basis, are up more than 14 percent over the last year.

A century from now, Chief Executive Mike Eskew expects that delivering small packages will still be an important part of the Atlanta-based company’s business, but he isn’t sure it will be the largest part. In 2001, the company expanded its services by acquiring the Mail Boxes Etc. chain. Most of the stores were later renamed The UPS Store.

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Chinese CEP market to outgrow Germany

Posted by | Aug 1, 2007 | |

The booming Chinese courier, express and parcel (CEP) market will outgrow Europe’s largest market, Germany, within fi ve years if it maintains its current dynamic growth rates. The world’s four leading express players, DHL, FedEx, TNT and UPS, look set to win signifi cant market share from Chinese operators by expanding their domestic services. In response, Chinese players are trying to strengthen their fi nancial basis and enhance their services. Those are the key fi ndings of a new “CEP Market Fact Sheet China” from Hamburg-based market researchorganisation, CEP-Research.

The Chinese CEP market has soared with average annual growth rates of about 25 percent in recent years, nearly quadrupling in value from about EUR 1 billion in 2000 to over EUR 3.8 billionin 2006, according to CEP.

Demand has been driven by economic liberalisation, a surge in foreign trade and the emergence of a strong domestic consumer market. Looking ahead, growth rates in the 25 percent- 30 percent range are expected for the next few years, taking the market to over EUR 12.5 billion in 2011, CEP-Research forecasts. This would make China bigger than Germany, France and UK, the three largest express and parcel marketsin Europe.

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Mackenzie of UPS Freight to retire. Jack Holmes named President

Posted by | Aug 1, 2007 | |

Jack Holmes, a 28-year UPS veteran who has headed the operations of UPS Freight for the past year, has been promoted to president of the trucking unit to replace the retiring Gordon Mackenzie.

Holmes, 47, headed the UPS transition team after the company acquired the former Overnite Transportation Co. in 2005. For the past year, he has served as the senior vice president of operations at UPS Freight.

Mackenzie is a veteran of more than 40 years in the transportation industry, including the last 12 at UPS Freight and Overnite. Mackenzie has served as president of UPS Freight since Aug. 1, 2006, and will step down Sept. 10.

“Gordon Mackenzie played a critical role in the development of Overnite Transportation and then stayed on board with us to ensure a smooth integration and to help set the stage for the growth we’re seeing now,” said Mike Eskew, UPS’s chairman and CEO. “All of us at UPS appreciate his contributions and wish him the very best in retirement.”

Before joining Overnite in 1996, Mackenzie served as senior vice president and chief operating officer of the Preston Trucking Company. He also held various executive positions with Standard Trucking Company; Ryder/PIE Nationwide, Inc., and Transcon Lines, Inc. Prior to assuming the post of president of UPS Freight, Mackenzie served as the unit’s chief operating officer.

Holmes began his UPS career in 1979 in West Chester, Pa., as a part-time employee. He became a package car driver in 1982 and was promoted to management in Philadelphia in 1983. He served in various operations, engineering and safety assignments in Alabama, Georgia, Utah and in the Chicago area before being named head of the UPS Freight transition team.

According to the American Trucking Associations, UPS Freight now is the nation’s fourth-largest less-than-truckload (LTL) company.

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UPS Extends Health Benefits to N.J. Civil Union Partners

Posted by | Jul 30, 2007 | |

UPS today announced it would offer health care benefits to all civil union partners of hourly employees in New Jersey who are covered under collectively bargained union plans. Management and administrative employees in the state already have such benefits.

The extension of benefits to civil union partners of hourly employees in New Jersey will affect approximately 8,700 workers, although it’s impossible to know how many of those employees have joined in civil unions. About 5,400 non-union UPS workers in New Jersey already are eligible.

UPS, which has provided same-sex benefits since 2004 to all non-union employees throughout the United States, has been committed to treating all of its hourly employees similarly. But until a new contract is negotiated and implemented with the Teamsters in 2008, the company must follow individual state definitions of “spouse.” In New Jersey, UPS has been grappling with the legal question of whether a “civil union” can be equated to “married spouse” when the state’s law does not explicitly use that language.

The extension of benefits is based on discussions and input from state officials, including the attorney general and governor, within the past few days.

UPS intends to address the issue of same-sex benefits for all its hourly workers – no matter where they reside – during negotiations with the Teamsters on a new 2008 contract. Currently, about 85,000 non-hourly workers are eligible for such benefits.

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UPS launches service from Incheon to Europe

Posted by | Jul 29, 2007 | |

The local division of UPS has announced the opening of its new direct flights between Incheon International Aiport and Germany’s Koln Bonn Aiport.

The new service, which will fly five times a week, began its first service Tuesday.

The cargo carrier marks the addition significant, as it is the first route service between Incheon and Europe and the largest jump in frequency that a foreign carrier has seen since the Incheon International Airport opened.

This new service is expected to find additional aircraft movements from 26 times a week to 31 times and the cargo traffic volume to rise to 36,000 metric tons a year.

“Cargo traffic between Incheon and Europe is 560,000 metric tons a year at 15 percent increase rate, and UPS’ diverse logistics operation will firmly establish a network connecting the two regions,’’ Lee Jae-hee, president and CEO of Incheon International Airport, said at the opening press conference.

The North Asia District Vice President of UPS Brian Cusson added, “Korean companies are looking for the most efficient and altruistic means of delivery for imports and exports to Europe. This new service is a show case of UPS’ efforts to meet the needs of customers which will allow UPS customers to benefit from the upgraded service.’’

Incheon International Airport, the second largest international cargo handling airport in the world, continuously grabs attention from global logistics companies.

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