Tag: UPS

UPS opens Ontario Logistics Center

Posted by | Sep 6, 2006 | |

UPS today announced the opening of an 800,000-square-foot logistics campus in Burlington, Ontario, for UPS Supply Chain Solutions.
The second largest UPS logistics facility in North America, the Burlington complex was built at a cost of USD80 million (CAN) and takes its place in a growing strategic logistics network that includes campuses in Louisville, Ky.; Mira Loma, Calif.; Roermond, Netherlands, and Singapore.
The new multi-client campus expands UPS’s supply chain capabilities in Canada and links with UPS Canada’s transportation network of package and freight services. It will provide order fulfillment operations; critical parts deployment, and freight receiving and shipment preparation for multiple clients using sophisticated warehouse management, shipping and international technology platforms. UPS logistics campuses have been designed to leverage expertise and services to help customers better manage their supply chains, which typically results in cost reductions of 10 to 20 percent.

Located in Burlington with close proximity to key airports and highways, the facility serves as a gateway for Canadian businesses to reach any U.S. or global market.

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UPS completes global launch of billing analysis tool

Posted by | Sep 6, 2006 | |

UPS has completed the launch of the UPS Billing Analysis Tool, an industry-leading global expense management technology for customers that converts transactional billing data into a powerful solution for analyzing and managing global transportation costs.

UPS’s billing technology portfolio now provides customers around the world the ability to analyze detailed financial information about their package shipping activity in 36 of the world’s most active trading countries, all in a single data file. The information is available to customers in 21 languages and can be converted into the customer’s preferred currency. The tool was demonstrated today during UPS’s annual Technology Summit for reporters, held here at the home of UPS’s global all-points air hub.

The Billing Analysis Tool not only enables customers to segregate, view and produce reports on international, ground and express shipping charges, but also breaks out associated costs such as duties, taxes and total customs and brokerage fees.

The Billing Analysis Tool has enormous potential not only for logistics management but also for accounting and procurement functions. Because it provides some 180 shipping and billing data elements, both large and small enterprises can use it to analyze and allocate transportation expenses according to their individual needs.

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Army awards UPS, FedEX contracts

Posted by | Sep 5, 2006 | |

The Army has awarded multimillion dollar delivery orders to UPS Inc., and FedEx Corp. to support the Defense Logistics Agency’s surface small package program.
UPS, also known as United Parcel Service, was awarded a delivery order worth more than USD 13 million as part of a USD 51.4 million contract to support DLA’s small package program.

FedEx was awarded a delivery order worth nearly USD 11.5 million as part of a USD 48.2 million contract to support the same program.

Work under both deals, which were announced late Friday, is expected to be completed by Sept. 30, 2007.

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UPS in Wroclaw

Posted by | Sep 5, 2006 | |

UPS – one of the world’s biggest couriers – is to move their financial-accounting centre from the London area to Wroclaw. The US company is investing USD 20 mln in the city and will employ nearly 500 people.

The centre will probably be located in an existing building in the city and start to operate in Q1 of 2007. Apart from Wroclaw, other locations were considered: Romania, the Czech Republic, Slovakia as well as other Polish cities, including Gdansk, Krakow, Katowice and Poznan.

Amongst the factors behind the firm’s decision to locate in Wroclaw were the city’s reputation for producing well-educated science graduates and the low cost of labour. The centre is UPS’s second Polish investment, after they bought out one of the country’s largest couriers – MS Stolica – for PLN 380 mln last year.

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FedEx beating UPS in delivering stock growth

Posted by | Sep 3, 2006 | |

At first glance, United Parcel Service Inc. and FedEx Corp. seem alike. The two shipping giants compete for some of the same customers, and their operations are sensitive to trends in the world economy, such as rising oil prices.

But investors are rewarding FedEx for continuing to post healthy profits and to enforce strong cost controls. UPS, which has tightened its business, generates more revenue and has higher operating margins and return on invested capital than FedEx. Consequently, margins and return on capital at UPS haven’t changed much, while FedEx’s have steadily improved.

“FedEx, along with other best-in-class transports, has been able to offset higher operating costs with strong pricing growth and strict cost controls in other areas of their businesses,” BB&T Capital Markets analyst John Barnes said in a recent research note.

Operating margins and return on invested capital are measures of a company’s profitability, essentially gauging how well a company is running its businesses and using its money invested in its operations.

Since November 1999, when UPS went public, FedEx’s share price has more than doubled, to more than USD 101 a share. After a 36 percent run-up on their first day of trading, UPS shares are trading less than USD3 higher. In the past 12 months, UPS stock has traded between USD65.50 and USD83.99. FedEx had a 52-week low of USD76.81 and a high of USD120.01.

The result was a 15.9 percent decline in the UPS share price at one point during the day and 10 percent at the market’s close, its largest one-day percentage drop since going public. FedEx’s stock closed that day down USD1.13, or 1 percent, at USD109.31. FedEx earlier in July had reiterated its upbeat outlook for its fiscal year that began June 1.

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