Tag: UPS

USPS partners with eBay

Posted by | Mar 17, 2007 | |

The U.S. Postal Service, which has lost many customers to cyber communication, is increasing online appeal by strengthening its eBay association.
More than 75 area eBayers attended seminars Friday at the Gary main post office on Martin Luther King Drive, learning how they could use the post office to ship CDs, books, antiques and other wares.
Cynthia Norfolk, USPS customer relations head for Gary said three seminars drew occasional sellers as well as online business runners: “Our attendees were seniors, young people, first-time buyers and sellers … some with some experience. We’re really pleased. This is the first one here in Gary.”
Norfolk said catering to the eBay segment has become a national trend for the company, which has actual eBay teams.
While people can relay messages via texting or e-mail, Norfolk said the U.S. Postal Service intends to remain a leader of delivering goods bartered online.
They, of course, contend with FedEx and UPS competition, but “We’re easier. We have delivery stops everyday. We have carrier pickup and free shipping materials,” she said.

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United Parcel Service "market perform"

Posted by | Mar 14, 2007 | |

Analysts at Morgan Keegan reiterate their “market perform” rating on United Parcel Service Inc.

In a research note published this morning, the analysts mention that although the company has a few longer-term growth opportunities, there seems to be a lack of potential catalysts for multiple expansion and substantial earnings growth in the near term. United Parcel Service’s recent acquisitions have boosted the company’s presence in key areas such as the United Kingdom and Poland, the analysts say. The company expects the transition towards online purchases to favour the small package business beyond 2007.

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UPS cancels superjumbo

Posted by | Mar 12, 2007 | |

UPS’s withdrawal as the last customer for the misbegotten Airbus freighter was all but inevitable for some time, but the breakup between the aircraft manufacturer and the world’s second-largest cargo airline marked an unusually messy end to a freighter purchase agreement.
The muddy ending was rivaled only by the A380 program itself, a project that has fallen far behind schedule.
Passenger airlines have been clamoring for penalty payments and freighter customers dropped their orders as Airbus has undergone a massive management overhaul in the aftermath.
Freighter cancellations by FedEx Express, which became the first in and the first out on the Airbus sales sheet for A380 freighters, Emirates and International Lease Finance Corp. had left UPS as the only cargo customer for the massive new aircraft.
UPS and Airbus seemingly had set the stage in late February for an amicable parting. They announced a redrawn purchase agreement that allowed either side to end the sale under a preset timetable.
But on Feb. 28, Airbus disclosed a restructuring plan in which it will lay off 10,000 employees. And a day later Airbus pulled its workers off the freighter assembly line to work on passenger versions of the plane, an action UPS officials did not learn about directly from the manufacturer.
UPS now is focused on adding the capacity the company believes it will need in the international arena in coming years.

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Crittenden withdraws as nominee for UPS Board

Posted by | Mar 9, 2007 | |

The Board of Directors of UPS announced that Gary L. Crittenden, who will become the chief financial officer of Citigroup on March 12, has withdrawn his name for election to the UPS Board.

On Feb. 14, the UPS Board announced it had nominated Crittenden to stand for election as a new director at the company’s annual shareowners meeting in May. At that time, Crittenden was the chief financial officer of the American Express Co. He subsequently agreed to become CFO of Citigroup and under Citigroup policy, senior executives may only serve on one outside board.

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Chirac gets deal to safeguard universal post services

Posted by | Mar 9, 2007 | |

The commission wants to open postal markets to unrestricted competition, forcing E.U. nations to withdraw state support for national postal services.
Proposals put forward by the commission would have forced France to unwind its unlimited guarantee for all liabilities held by La Poste, which makes the company a low-risk borrower. The country’s 17,000 post offices would also have had to share the market with global mail carriers like TNT and Deutsche Post AG (DPW.XE), as well as express carriers like United Parcel Service Inc. (UPS) and FedEx Corp. (FDX).
France was one of the fiercest critics of the reforms, arguing the moves would crush La Poste and threaten services in small towns. Competitors would cherry pick the most profitable businesses, such as city deliveries, and neglect rural regions, it said.
The commission’s current proposal calls for prying opening the E.U. postal market by 2009.
While the E.U. heads of state and government Friday gave general backing to the commission’s plan, they shied away from endorsing the 2009 timeframe and kept open a wide window for France to keep protecting La Poste’s monopoly.
The leaders called for “further liberalization of the postal markets, while ensuring the financing of an efficient universal service.”

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