Tag: UPS

UPS Board increases dividend, names Scott Davis a Director

The Board of Directors of UPS, citing its confidence in the company’s financial position and prospects for growth, today increased the quarterly dividend from 33-cents per share to 38-cents per share on all outstanding Class A and Class B shares. The Board also announced it had appointed Scott Davis, UPS’s chief financial officer, to serve as a director. Davis will replace Lea Soupata, who retired last month as UPS’s senior vice president for human resources. Davis will stand for election to a regular one-year term at the annual shareowners meeting in May.

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Hungarian customers demand more complex delivery solutions

Though competition has intensified, the delivery volume of international parcel services has increased in recent years, industry experts said last week. Customers, however, are requiring complex, more sophisticated services, and service providers are expected to move to meet these requirements. “Though the core business is still small parcel delivery, no international delivery company can survive on the exclusive provision of traditional courier service-type solutions,” said Zoltán Bándli, business development manager at UPS Hungary Kft. According to Bándli, customers want more – something along the lines of a one-stop service.

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UPS expands 2nd day air options

UPS has accelerated the guaranteed commit time for the industry’s only 2nd Day Air A.M. delivery service to 10:30 a.m. from 12 p.m. and added a Saturday delivery option for UPS 2nd Day Air. The moves are part of an overall expansion of the UPS 2nd Day Air portfolio that also includes the addition of 9,300 ZIP codes to the 2nd Day Air A.M. delivery service area.

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Renewed thrust for DHL: delivery firm says it has fixed infrastructure and will attack UPS-FedEx duopoly anew

The challenger came on strong last year with a splashy, USD150 million ad blitz that portrayed its bright yellow fleet as a reliable alternative to UPS and FedEx. DHL, long the dominant small-package carrier outside the United States, was determined to break into the domestic duopoly of UPS and FedEx which, together, control 80 percent of deliveries in the world’s largest market. It’s been a bumpy road so far. A series of breakdowns in DHL’s domestic delivery network stranded huge numbers of US packages last fall, lowered on-time deliveries to levels company officials called “totally unacceptable” and cost UD280 million in lost revenue. Now, with its infrastructure problems apparently fixed, DHL plans another major ad campaign during the Winter Olympics aimed at wresting market share from its American rivals. “Our strategy going forward is totally unchanged, and it’s beginning to bear fruit,” said John Pearson, DHL’s executive vice president. “We’re challenging the duopoly here with a flexible, responsive and more human approach – and the reaction from customers has been very favorable.”

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