Tag: UPS

UPS to open 150 access points in next five years

Posted by | Dec 1, 2006 | |

United Parcel Service (UPS) will set up 150 access points (UPS Store) in India in the next five years.
US Under Secretary for International Trade Franklin L Lavin unveiled company’s plan to open 150 UPS Stores over next five years here today, while speaking on the first anniversary of the UPS Stores in India.

UPS will rework their India operations once they get rights to set up and operate a hub in Shanghai from 2007 from the Chinese government, said UPS’ Vice President, Public Affairs( Asia Pacific Region), Steven R Okun.

Currently the company is operating eight freighter services from Mumbai through their MD 11 aircraft.

The US Under Secretary, who is currently in India to lead an US business delegation in the just concluded US-India Business Summmit said,”The operations of UPS Stores across India will be a positive step for the booming Indian economy.” UPS opened their second access point in Delhi recently and will be opening their access points in Pune and Bangalore shortly, said Jetair’s CEO, Mahiyar M Sadri.

UPS has a tie-up with Jetair Private Ltd, general sales agent (GSA) for Jet Airways, to augment their supply chain network in India

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Will Postal Strike Knock Poczta Polska Out?

Posted by | Nov 29, 2006 | |

Over 12,000 postmen going on strike spells trouble not only for millions of Poles looking forward to sending Christmas cards to their loved ones; the protest by employees of Poczta Polska has ruined the promotional strategy of a number of companies which rely on the state mail and has generally made life much harder for virtually all of its customers. At the same time, it uncovered the inefficiency of the state-controlled institution. Perhaps the strengthening competition will wake it from its slumber.

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UPS tries to boost delivery to investors Parcels group has struggled to integrate acquisitions and justify its strategy since going public

Posted by | Nov 28, 2006 | |

There have been few better investments than the Dollars 100 of borrowed cash that Jim Casey, a 19-year-old entrepreneur, used to buy twotelephones and a fleet of bicycles in 1907.

Nearly a 100 years later, the messenger service he founded from a tiny Seattle office has grown into the world’s largest parcel courier, with a market capitalisation of Dollars 85bn and operations in more than 200 countries. But as United Parcel Service approaches its centenary, the group’s investment appeal is no longer so clear.

In the seven years since UPS went public, its shares have struggled to gain momentum, rising 30 per cent compared with a near tripling in those of FedEx, its biggest rival.

Asked at an investor conference this month whether UPS would have been better remaining private, Scott Davis, chief financial officer, replied: “No comment”.

Investors’ lukewarm attitude towards UPS, known as “Big Brown” after the colour of its trucks, in part reflects the sluggish growth of its mature domestic business, which has lost market share to FedEx. But the biggest source of caution is the group’s expansion beyond parcels into a broader range of supply chain services.

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UPS CapitalSM expands role in small business lending

Posted by | Nov 28, 2006 | |

Continuing its commitment to small businesses, UPS CapitalSM, the financial services arm of UPS, has become one of the nation’s top lenders under the government-guaranteed 7(a) loan program of the U.S. Small Business Administration (SBA).
For the SBA’s fiscal year ended Sept. 30, 2006, UPS Capital Business Credit, a unit of UPS Capital, facilitated 304 SBA 7(a) loans valued at USD190.7 million. That activity puts UPS Capital Business Credit among the SBA’s top 15 lenders as measured by dollar value. Compared with fiscal 2005, UPS Capital Business Credit’s SBA activity in 2006 increased more than 22 percent in both the number and dollar value of loans facilitated.

UPS can offer solutions to small businesses that combine financial services with the company’s core package shipping and supply chain capabilities. One beneficiary of this comprehensive portfolio is TrueWave, LLC, a producer of high-end audio equipment under the brand name Wadia.

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