Tag: UPS

UPS earnings climb 22% on global volume growth

Posted by | Jul 21, 2005 | |

UPS today reported a robust 22.2% gain in diluted earnings per share for the second quarter of 2005, driven by double-digit export volume gains in every international region and an increase of 387,000 packages per day in the United States. For the three months ended June 30 net income totaled USD986 million compared to the USD818 million reported for the period in 2004. Revenue of USD10.19 billion increased 14.9% from the USD8.87 billion reported last year, reflecting, in part, the acquisition of Menlo Worldwide Forwarding late last year. Consolidated average daily worldwide volume for the second quarter rose by 557,000 packages, or 4.1%, to 14.1 million. Worldwide average revenue per piece showed a strong 4.7% increase. “UPS is a company that’s on the move,” said Mike Eskew, UPS chairman and CEO. “Our U.S. domestic volume climbed well above our expectations. And the international segment’s performance was outstanding with export volume growth exceeding 18%.” Consolidated operating profit rose 18.2% to USD1.55 billion compared to USD1.31 billion for the prior-year period.

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Couriers urge China Post to relax rules

Posted by | Jul 19, 2005 | |

The Conference of Asia Pacific Express Carriers, or CAPEC, an interest group representing the world’s top express courier firms in Asia, has asked China’s State Post Bureau (China Post) to further lower restrictions and interference in the mainland’s express mail service sector as the regulator is finalizing the amended rules. CAPEC, which represents DHL, FedEx Corp, United Parcel Service and TNT Express, has sent a statement urging China Post to set up a regulatory board separated from its business service department, reduce administrative interference in the industry and increase transparency. “As China is gradually opening its logistics and express market to foreign investors, no major foreign companies want to miss the opportunity to tap the emerging market,” an industry source said.

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UPS plans Shanghai cargo center

Posted by | Jul 8, 2005 | |

United Parcel Service Inc has signed a memorandum of understanding with Shanghai Airport Group for the establishment of a cargo hub in Pudong International Airport. The planned cargo hub, to be put up by 2007, is part of the package-delivery firm’s USD500m expansion in China. Rivals FedEx Corp and DHL are expected to counter the UPS effort in China.

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UPS goes up against DHL in Chinese market

Posted by | Jul 8, 2005 | |

United Parcel Service is to launch its first package delivery service within China, pitting the US company against German-owned DHL in a battle for the Chinese domestic market. UPS said it would offer next-day deliveries between 23 Chinese metropolitan areas by September and planned to expand the network in future. Until now, UPS offered only international shipments in and out of China. DHL, a unit of Deutsche Post, was previously the only foreign company providing domestic package delivery. The new service represents a widening of UPS’s ambitions in China from its previous focus on imports and exports. “We intend to have the most extensive package delivery and logistics offering to, from and within China,” said David Abney, president of UPS’s international operations.

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UPS reviews US cigarette shipments

Posted by | Jul 6, 2005 | |

UPS said it’s reviewing its policy on carrying tobacco products, even as rival DHL announced it will stop delivering cigarettes to individual consumers nationwide under an agreement announced Tuesday with New York Attorney General Eliot Spitzer. Spitzer said DHL is the first major shipping company to agree to the ban, and negotiations continue with other companies and the U.S. Postal Service. UPS confirmed Tuesday that it is in talks with Spitzer’s office. It described the talks as “very cooperative” but declined to discuss specifics or comment on DHL’s announcement.

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