Tag: UPS

UPS may join Fedex in canceling Airbus A380 orders

Posted by | Jan 19, 2007 | |

United Parcel Service Inc. is expected to cancel an order for 10 freighter versions of the Airbus A380 superjumbo plane next week, French newspaper Les Echos said on Friday without citing sources.
For its part Airbus, owned by aerospace group EADS, could announce it will first focus on solving its problems with the passenger version of the A380 and await better times for it to produce a cargo version, Les Echos said.
But Airbus said it had no information on the reported plans “I have no information along that line,” a spokeswoman said.
Wiring installation problems have delayed deliveries of the double-decker plane by an average of two years, with the first delivery now due in late 2007 to Singapore Airlines, and led EADS to issue its third profit warning in less than a year on Wednesday.
A cancellation by UPS would follow a similar decision by its main rival FedEx Corp. which in November became the first company to cancel an A380 order, citing delivery delays.

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Foreign Capital swarmed into China Logistics

Posted by | Jan 15, 2007 | |

Many foreign companies made investments in China’s logistics last year because of the opening up in 2005.

The competition in logistics mainly focuses on cargo transportation and express services. FedEx, the world’s largest express company, offers services to more than 220 Chinese cities. The number will increase by 100 in the following four or five years.

UPS, a leading global provider of specialized transportation and logistics services in the US, operates six direct flights to Beijing and Shanghai and has set up offices in over 20 cities, including Shenzhen, Qingdao, and Xiamen.

TNT, a world leading provider of express delivery services, logistics supply chain solutions and mail services, has had more than 2,000 service networks in China.

Meanwhile, foreign capital also focuses on auto logistics, energy transportation and port logistics.

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Indian express industry set for sizzling growth

Posted by | Jan 15, 2007 | |

India’s express industry is expected to register a growth of at least 20 per cent per annum during the next five years and more than double its size by 2012, according to a study by rating agency Credit Analysis & Research (CARE). Opening of banking, insurance, retail, aviation and telecom sectors and their penetration to smaller cities would be the major growth driver.

According to CARE, the size of India’s courier industry currently stands at around Rs 7,100 crore and is estimated to have grown at a CAGR of around 33 per cent over the past decade. At its current estimated size, the courier industry is larger than the tea industry and close to the size of paper and shipping industries in India.
The industry is highly fragmented with more than 2500 express players and a few large sized players account more than half of the industry revenues.

The industry contributes more than Rs 1000 crore to the government revenues by way of service tax, income tax and other levies and it offers employment opportunity to about a million people.

Amongst domestic players Blue Dart, DTDC, First Flight and Overnite Express are leading express services companies in India while UPS, FedEx, DHL and TNT are leading international players presence in the country. According to the CARE survey, the industry players earn about 52 per cent of its revenues from document parcels.

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Air Cargo imports in Mumbai airport rise 32%

Posted by | Jan 13, 2007 | |

Air cargo imports into Mumbai airport rose 32% to 13,336 tons in November ’06, compared to November ’05, as per the latest available airports authority of India data. Exports from Mumbai dropped 1.9% in the same month, over last year, to 12,405 tons.

On the imports side, Air India maintained its lead, with 1,925 tons imported in November ’06, a rise of 24% over November ’05, followed closely by Cathay Pacific, with 1,407 tons, showing a 164% year on year growth.

Singapore airlines came in third, with 1,376 tons, up 19% and Lufthansa was fourth with 1,020 tons, up 20%.

In all cases, high industrial activity and demand for materials is showing up in rising imports cargo tonnage and origin. With China-India opening up to trade with each other, imports of machines, tools, garments, raw material, samples is rising exponentially, which benefits Cathay Pacific as the largest Hong Kong/ China based carrier.
Air India was the top carrier in exports out of Mumbai, with 2,424 tons in November ’06, up 1%. In the year 2005-06, it held 18% market share of air exports from Mumbai, which has already moved up to 19.5% in November ’06. Taking second slot is Emirates, with 1,176 tons, up 4% over November ’05.

It held 9.5% share in November ’06. Garments, textiles, gems, food items form major chunks of the cargo for both Air India and Emirates. The logistics majors FedEx and UPS turned in a 43% and 25% increase in cargo exported in November ’06 over November ’05.

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UPS names Abney Chief Operating Officer

Posted by | Jan 9, 2007 | |

UPS announced the elevation of David Abney to the post of chief operating officer and the promotion of Alan Gershenhorn to replace Abney as president of UPS International.

Abney also assumes the role of president of UPS Airlines in replacing John Beystehner, who retired last week after 36 years of service. Gershenhorn is currently based in Brussels, where he previously headed the operations of UPS Supply Chain Solutions in Europe, Asia, the Middle East and Africa.

In his role as chief operating officer, Abney will be responsible for international operations, U.S. package operations, global transportation, labor and all freight activities.

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