Tag: UPS

UPS to open 3 retailing outlets in China in Q2

Posted by | Feb 24, 2006 | |

US United Parcel Service (UPS) plans to open three retailing outlets in China in Shanghai in the second quarter of this year. An executive for UPS told journalists that small and medium businesses accounted for about 30% of total Chinese clients of UPS and made great contributions to UPS’ profits. The three retailing outlets will provide services of collection and delivery of express mails as well as copy and bookbinding. UPS considers locating the outlets in CBD (central business district), hotels and neighboring universities. FedEx is also studying localization of retailing outlets and is set to march into the Chinese retailing market.

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On Wall Street, UPS lags archrival profit margins, pilot talks cited

Posted by | Feb 21, 2006 | |

UPS officials take a decidedly disinterested public stance toward the price of their company’s stock. Chief Executive Mike Eskew says he checks the price occasionally but views Wall Street’s ups and downs as a distraction from his job of managing the Sandy Springs delivery giant “for the next quarter-century, not the next quarter.” But it’s hard not to notice that archrival FedEx has outperformed UPS on the New York Stock Exchange for five of the last six calendar years. UPS issued its first public stock in late 1999 at UD50. Shares shot to almost USD76 in the first two days of trading, then settled in the high USD60s. Since then, UPS shares have had three losing years and three gainers. They closed last week at USD76.25. FedEx has been a steadier growth stock, posting annual gains in all but one year since 2000. During that time, shares have climbed from about USD40 a share to over UD100, closing Friday at USD105.05. In the past six months, FedEx shares climbed almost 25 percent while UPS rose 5.4 percent. Art Hatfield, transportation analyst at Morgan Keegan & Co. in Memphis said investors lately are concerned about UPS’ ability to expand profit margins as well as stalled pilot contract talks.

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UPS once again “America’s Most Admired”

Posted by | Feb 21, 2006 | |

UPS today was rated “America’s Most Admired” company in its industry in an annual survey conducted by FORTUNE magazine. The company also ranked in the Top 10 across all of corporate America in seven of the eight criteria used by the magazine to rank companies, including a No. 1 ranking for social responsibility for the third straight year. UPS was ranked No. 2 in the United States for “product quality.” It was rated No. 3 in each of the categories of “best use of assets” and “financial soundness.” And it ranked No. 5 for “people management;” No. 6 for “management quality,” and No. 9 for “long term investment.” In the FORTUNE rankings for the Delivery Industry, UPS was rated No. 1 with a composite score of 8.54 on a 10-point scale, almost six-tenths of a point ahead of its nearest competitor. UPS has been ranked No. 1 in its industry for 22 of the last 23 years.

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FedEx and UPS lead China foray

Posted by | Feb 17, 2006 | |

FedEx and United Parcel Service are leading the charge among foreign logistics and transportation companies into China. Both companies have seen exceptional growth in the China market and believe expansion in China is crucial to future growth. FedEx recently agreed to pay USD400m to Tianjin Datian W Group to take full control of its international and domestic express business in China. The move, which is still subject to Chinese government regulatory and licensing approval, will allow FedEx to consolidate and expand its presence in secondary cities outside the main urban centres of Beijing, Shanghai and Guangzhou.
FedEx Corp chairman Fred Smith says: ‘This strategic investment in the long-term growth of China will broaden and deepen our relationship by improving access to important markets.’ UPS chief financial officer Scott Davis is similarly excited about the logistics opportunities in China. Speaking last month he said: ‘Business in China is still extremely strong. We don’t see anything getting in the way of this growth for many years to come. A big market, a lot of opportunities.’

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INVESTING IN CHINA: A dogfight for courier service dominance

Posted by | Feb 15, 2006 | |

When FedEx paid Dollars 880m for Flying Tigers, a cargo airline, in 1988, it was buying a piece of Chinese history. Flying Tigers was founded by, and named after, a group of American volunteer fighter pilots who flew for China against Japanese forces in the second world war.

FedEx, however, was more interested in the international cargo network that came with the deal – including access to China.

The acquisition helps explain why, nearly two decades later, FedEx operates more flights to China than any other express delivery company.

Next month, the company will add a further three flights, taking its weekly total to 26, and work is under way to relocate its regional hub from the Philippines to the southern Chinese city of Guangzhou.

But while FedEx enjoys aerial supremacy in to and out of China, inside the country it faces a much tougher dogfight with its rivals DHL, UPS and TNT. FedEx’s need to strengthen its domestic capabilities explains why it agreed a Dollars 400m deal last month to take full control of its Chinese joint venture with Tianjin Datian W. Group.

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