Tag: UPS

UPS Chairman to chair Hands on Network Corporate Service Council

Posted by | Feb 6, 2007 | |

Michael Eskew, Chairman and CEO of UPS, will succeed Bob Nardelli, former chairman, president and CEO of The Home Depot, as the next chairman of the Hands On Network Corporate Service Council, an alliance of more than 65 CEOs from leading corporations and civic organizations who are changing the face of corporate volunteerism in America. Nardelli has served as chairman of the Corporate Service Council since its launch in early 2005.

“UPS has long been a leader and change agent in support of effective engagement of volunteers, and we are thrilled to elevate our already established relationship with UPS by engaging Mike Eskew to lead the Council through its next phase of growth and impact,” said Michelle Nunn, co-founder and CEO of Hands On Network. “We would like to express our heartfelt thanks to Bob Nardelli for his tremendous leadership of the Council and his ongoing support of Hands On Network. Bob has been a truly amazing personal champion of service and an incredible advisor to us, setting a high bar in terms of his commitment and willingness to contribute his own “sweat equity.”

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Cargus banks on 45% rise in turnover

Posted by | Feb 1, 2007 | |

Cargus, the domestic and international courier company derived gross profit worth 2.1 million euros last year, down from the previous year’s figures, according to the company’s preliminary results.

“Compared with 2005, when we posted profit worth approximately 2.5 million euros and turnover amounting to 15.3 million euros, we witnessed a slight decline in 2006, due to the fact that we spent more on investments,” said Augustin Plesea, general manager of the company.

Last year Cargus invested 2.5 million euros in a car fleet, software programmes and promotional activities.

The company estimates turnover will rise this year to 29 million euros, a 45% increase from last year.

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UPS hits US 'bump in the road'

Posted by | Jan 31, 2007 | |

UPS has warned it faces a “challenging year” in the US as the slowing domestic economy puts the brakes on parcel shipments.
Shares in the group were down more than 3 per cent yesterday afternoon after it issued lower-than-expected earnings guidance for 2007 and said the year had started slowly in the US.
But Scott Davis, chief financial officer, remained “bullish” about the long-term outlook, predicting that the US slowdown would prove short-lived.
Mike Eskew, chief executive, said domestic weakness would be offset by continued strength in international business this year, predicting that global trade would remain robust.
Surging international shipments, particularly from Europe and Asia, helped lift fourth-quarter net profits by 7.5 per cent, in spite of weaker-than-expected US volumes in the peak shipping season before Christmas.
UPS has invested heavily in its international network over the past decade to take advantage of soaring cross-border trade and reduce dependence on the mature US market.
UPS is building a new Asian hub in Shanghai, China, and last year completed a Dollars 135m expansion of its European hub in Cologne, Germany, almost doubling capacity.
International revenues rose 10 per cent in the fourth quarter, compared with a 4 per cent increase in domestic business.

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UPS profit is up. Slower Growth Seen

Posted by | Jan 31, 2007 | |

United Parcel Service Inc. reported a 7.5 percent increase in fourth-quarter earnings yesterday, but said that profit growth would slow this year.

Shares of United Parcel fell 95 cents on the news, closing at USD72.70.
Net income rose to USD1.13 billion, or USD1.04 a share, from USD1.05 billion, or 95 cents, in the period a year earlier, the company said yesterday. Sales increased 5.6 percent, to USD12.63 billion.

United Parcel said profit growth would lag behind last year’s 11.2 percent rate because slowing industrial production would curb high-margin air shipments.

U.P.S.’s 2007 forecast calls for profit of USD4.10 to USD4.25 a share, compared with last year’s USD3.86. That would be an increase of 6.2 percent to 10 percent.

The company’s fourth-quarter results matched forecasts for earnings of USD1.04 a share, the average of 15 analyst estimates compiled by Bloomberg. Analysts had estimated 2007 earnings of USD4.30 a share.

“We are expecting the first half of the year to be somewhat flat,” the chief financial officer, D. Scott Davis, said. “It’s just a moderating economy that we expect to get back on trend by the end of 2007, early 2008.”

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UPS reports solid 4th quarter as global package business grows

Posted by | Jan 30, 2007 | |

Led by a strong performance in its international operations, UPS today reported net income of USD1.13 billion and a 10% increase in diluted earnings per share to USD1.04 for the fourth quarter ended Dec. 31, 2006.

For the full year of 2006, revenue rose almost 12%; operating profit increased 8%, and earnings per share climbed 11.2% to USD3.86. The international business reached new heights, reporting more than USD1.7 billion in operating profit. The company set a new record for package volume in 2006, delivering almost 4 billion packages or an average of 15.6 million per day.

Consolidated Results 4Q 2006 4Q 2005
Revenue USD12.6 B USD12.0 B
Operating profit USD1.8 B USD1.7 B
Operating margin 14.3% 14.3%
Average volume per day 17.3 M 16.8 M
Diluted earnings per share USD1.04 USD0.95

During the quarter, UPS announced the expansion of its international shipping portfolio by providing three time-definite delivery options each day to the world’s 30 largest markets, up from one or two daily options. These new delivery services make UPS’s international delivery portfolio the most expansive in the industry and cover more than 80% of the world’s GDP.

The Supply Chain and Freight segment improved from the third quarter, reflecting the positive impact of cost control measures taken in the fourth quarter. UPS Freight’s performance was impacted by the general softening in the Less-Than-Truckload (LTL) environment.

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