Tag: UPS

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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Shippers prepare for the seasonal rush of packages

Posted by | Nov 27, 2006 | |

UPS plans to ramp up its Inland Empire operations for the shopping season.

The package shipper will hire 900 additional workers for its San Bernardino, Ontario, Riverside, Temecula, Barstow, Blythe, Victorville and Yucca Valley operations, UPS spokeswoman Page Dossey said.

DHL will deliver more than 2 million packages on its peak day in the United States, Dec. 20.

DHL hired hundreds of part-time package handlers to help meet the holiday demand, said John Cameron, DHL USA executive vice president of operations, in a Nov. 21 release. DHL added 300 daily truck routes and 63 new domestic flights a week to its regular network schedules for the holiday rush.

DHL employs 300 people at its 262,000 square-foot, USD70 million West Coast distribution center located at March Air Reserve Base in Riverside.

FedEx will extend employee hours to meet the holiday package delivery demand, spokesman Matt Ceniceros said in a previous interview.

FedEx likely will hire a small number of temporary package handlers for its ground operations to meet the holiday demand, he said.

Headquartered in Memphis, Tenn., FedEx employs more than 260,000 people.

FedEx will handle 9.8 million packages on Dec. 18. That will be the most packages FedEx has handled on a single day since it was founded in 1973.

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The UPS Store and Mail Boxes Etc. offer holiday shipping expertise

Posted by | Nov 21, 2006 | |

When it comes to shipping holiday gifts, there really is a “naughty” way and a “nice” way to do it. And after 26 years in the packing and shipping business, the pros at The UPS Store® and Mail Boxes Etc.® have seen some fairly “naughty” packages in their day.

“Although people have the best of intentions, we have to perform a number of ‘interventions’ each year,” says The UPS Store franchisee Willa Levin of Royal Oak, Mich.

Levin recommends the following tips for ensuring your package is delivered in “nice” condition:

Get a good start by using a new box specifically designed for shipping, not moving. Dumpster diving for old boxes is a fast trip to the naughty list.

Follow through by using the right packing materials, including a minimum of two inches of bubble cushioning and/or packing peanuts. Old clothes, crumpled newspaper and real popcorn aren’t only naughty, they’re nasty.

Before closing the box, place an extra mailing label inside just in case the outside label gets damaged. Hint: Santa appreciates good penmanship.

Add the finishing touch with clear, professional-grade packing tape and a fresh label with both the sender’s and recipient’s names clearly printed. Sorry fellas, duct tape will land you at the top of the naughty list. Packages wrapped in paper or tied with string also are a no-no.

If you’re looking to score bonus points, use UPS® so you can track your packages. Then you’ll know someone was home to receive your gifts. It’s a nice thing to do.

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DHL mulls pricing review

Posted by | Nov 21, 2006 | |

DHL Express said it is reviewing its pricing policies for the next two years.

This, after rivals United Parcel Service, Inc. (UPS) and FedEx Corp. have announced plans to increase their respective rates for package delivery service. Starting Jan. 1, 2007, UPS and FedEx express delivery unit FedEx Express will increase service rates by 4.9% and 3.5%, respectively for US customers.

For the local market, however, representatives from UPS and FedEx said the actual timeline and amount of service rate increase for the Philippine market are currently being prepared.

“As all businessmen must, DHL will periodically increase rates to reflect rising costs of operations as well as investment,” DHL Express Philippines country manager Lawrence Llamzon told BusinessWorld.

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UPS to finance heavy Air Freight Center with Airport Bond Offering

Posted by | Nov 21, 2006 | |

UPS Inc. will guarantee USD42.6 million of Louisville Regional Airport Authority Special Facilities Revenue Bonds and use the proceeds to build a new terminal at the airport for handling heavy freight.

Standard & Poor’s assigned a rating of AAA/A-1+ to the bond issuance, the company said Tuesday in a statement.

UPS is ranked No. 1 on the Transport Topics 100 list of U.S. and Canadian for-hire car-riers.

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